India has seen tremendous digital payment growth in the past few years. A major reason for this is the Unified Payments Interface (or UPI). UPI, created by the National Payments Corporation of India, is a payment system that enables instant money transfers between bank accounts. It is a mobile payment option that supports such transfers cost-free.

When it comes to carrying out UPI transactions, the UPI reference number plays a huge role. Here, we will learn more about it and how to track the UPI reference number and other details.

• The UPI reference number is a unique 12-digit number different for every transaction.
• The UPI reference number can easily be obtained from under each transaction when users go through their transaction history.
• With the help of the UPI reference number, users can track the progress of each of their transactions through the UPI app or through their bank account statement.

The UPI reference number is one of the many aspects of a UPI transaction. It is a unique 12-digit number that is different for every transaction.

The UPI reference number is generated after each transaction, enabling customers to track their purchases and payments. Customers can also use the reference number to clarify queries regarding their transactions and obtain all the necessary information.

To carry out transactions through the UPI payment system, customers must first register with either their banks or authorised mobile applications. This will help users create a UPI ID for further transactions.

Once they have used their UPI ID to perform transactions, they can easily find the UPI reference number for each transaction using the following steps on their UPI app:

1. Start by launching the app you are using for your UPI transactions.
2. If you are already logged in, tap the “Show Transaction History” option on the home screen.
3. This option could also alternatively appear as “Passbook”, depending on the app being used.
4. As a UPI reference number is unique to every transaction, the reference number for each transaction can be obtained by tapping it.
5. Once you tap on a transaction, a 12-digit reference number can be seen starting with the number ‘9’.
6. This is your UPI reference number for that particular transaction.
7. Under each transaction, you will also be able to track its status.
8. A transaction can either be ‘pending’, ‘successful’, or ‘failed’.
9. You can also consult your bank statement using the same UPI reference number to see if the transaction has been carried out.

Listed below are some of the main benefits of using a UPI reference number:

• The UPI reference number offers a unique ID number for each transaction, thus streamlining UPI transactions and eliminating errors.
• It also ensures the traceability of UPI transactions by allowing you to track transaction details quickly. This further helps in error and dispute resolution.
• By tracking the UPI reference number, you can find transaction details without providing your bank account or debit card information. Thus, it prevents unauthorised access to sensitive information, keeping your personal details safe and secure.

There is no doubt that UPI has quickly become one of India's most popular digital payment methods. In addition, UPI is gaining popularity internationally. With advantages like secure and instant transactions, UPI has truly changed the country's digital payment scenario. The UPI reference number, unique to every transaction, plays a major role in helping users track transactions with ease.

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