UPI ID (also called Virtual Payment Address or VPA) is a unique ID you need to create to send and accept money via UPI. Once a UPI address is created and mapped against your existing bank account, you can simply share your UPI address (eg. abc@okaxis) with the payer.
As a business, verifying a UPI ID comes in handy. The different use cases can be
With Cashfree Payments instantly verify if the UPI ID is valid, For a Valid UPI ID cross-verify the name of the account holder
