What are the Virtual Account modes?

Zwitch allows you to create virtual accounts with two modes:

• Virtual Account without VPA
  In this mode, API generates the virtual account number and IFSC code without a VPA handle for your customers. Customers need to add the virtual account number as a beneficiary in their net banking account and make an online transfer or enter complete account details in their UPI app (if the app allows).
  
• Virtual Account with VPA
  In this mode, the API generates a VPA or Virtual UPI ID along with a virtual account number and IFSC code. This is a dynamically generated UPI ID for each customer to add money to using any UPI app – such as Google Pay, PhonePe, PayTM etc.

A Virtual Payment Address (VPA) is a unique identifier that helps UPI track a person’s account. It acts as an ID independent of your bank account number and other details. VPA can be used to make and request payments through a UPI-enabled app. You need not fill in your bank account details repeatedly for making multiple payments.