Quick Answer: What Is The Use Of UPI Transaction ID?

Is it OK to share UPI transaction ID?

You cannot send money to someone or receive money from someone if you do not use your UPI ID.

This is the only detail that you use instead of sharing your bank account number.

UPI is a secure way to conduct transactions, without worrying about someone misusing your bank details..

How do you use UPI transactions?

Initiate a paymentLogin to iMobile and tap on ‘UPI’.Click on ‘UPI’ and then choose ‘Pay with Virtual Payment Address’.Enter details of the beneficiary’s VPA, amount and remarks. Choose the VPA you would like to debit and click on ‘Submit’.Check the details and click on ‘Submit’ to initiate your Fund Transfer.

Is UPI ID and transaction ID same?

Other details could be the same between two transactions, but never the UTR number. … Transaction number, UPI reference ID, Order ID, and Transaction ID are all terms used to represent UTR.

How do I find my UPI transaction ID?

Step 1: First, open Google Pay on your device. Step 2: Next, scroll down the screen and tap See all payment activity. Step 3: On all transactions page, tap a transaction to see the UPI transaction ID. Once the details of the transaction appear, you will see the transaction UPI transaction ID.

Can Google pay be hacked?

Google Pay protects your information using Google Pay’s collection of top security features that help detect fraud, prevent hacking and protect your identity. Your Google Pay information is stored on secure servers in a safe location, and our team monitors it at all times.

Why is Upi not safe?

Various types of frauds take place on the UPI platform. You should know that none of these are due to the issues with UPI itself but are modes of deception. Fraudsters can send you unauthorised payment links via SMS. These fake bank URLs will look almost identical to the original URL.