The inception UPI reference number has brought extreme convenience to the consumer market as it is one of the most hassle-free transaction modes. It does not need you to share bank account details or card details to make any payment using UPI, ensuring the optimum safety of the account holders.

Moreover, with UPI reference numbers and the ongoing trend of smart payment, monetary transactions of small-scale businesses have become simple. Read on to learn more about UPI reference numbers' crucial aspects.

A UPI reference number on the other hand, is a 12-digit number used for tracking a previous transaction. This combination is unique for every transaction and is essential when contacting customer care officials. Due to the benefits of hassle-free and contactless transactions, UPI is becoming the most used online money transfer method.

UPI reference number works as a transaction id that comes in handy whenever it is necessary to track a UPI reference number. The UPI reference number is a 12-digit number which allows you to track your transactions.

Upon completion of the payment, a UPI reference number is generated below the amount transferred. There are rare occurrences when it shows that the amount has been transferred, but the recipient did not receive it. At this time, a UPI reference ID serves the purpose of tracking the details of the transaction. The sender or the recipient can call customer service officials and ask them to verify the authenticity of a transfer made.

Here are some additional features about a UPI reference number:

• It is a unique 12-digit number, which you get against your unique UPI ID.
• This number helps you track your financial transactions conducted through the UPI.
• You can use it to contact the customer care staff to address any problems with your UPI.
• Finding this number is super easy on the UPI payment application.

The UPI reference number is a piece of inevitable information in the UPI system and provides countless benefits to online payment application users. Some of the benefits of UPI reference numbers are as follows:

Maintaining Bank Account Privacy

The non-disclosure of bank account details is the one prominent benefit of UPI reference numbers. At this time, tracking or fetching information, you do not have to provide any bank or card information which is a secure way of carrying monetary transactions.

Instant Tracking

With the help of a UPI tracking number, one can opt for instant tracking of the transaction details and generate fund transfer-related data in no time. Hence, this reference number will be a prominent tracking tool for any discrepancies in a particular transaction.

It is essential to know the process of tracking UPI reference numbers to obtain data quickly. Here is a simple step-by-step guide for the same:

Step 1: The initial step includes logging on to the mobile application you use for online payment. It can be Paytm, Google Pay, PhonePe, etc.

Step 2: Now, go to the "Passbook", "Show Transaction History", or "History" pages if you are using Paytm, Google Pay or PhonePe.

Step 3: In this step, you must select the bank account you use for UPI payments. In this redirected page, click a specific transaction for which you want to check a UPI reference number.

Step 4: In transaction details, you will find a UPI reference number for the transfers or receivables you are looking for.

Step 5: On reaching this step, you can track UPI reference numbers whenever you need them.

With the introduction of a UPI payment system and the security of UPI reference numbers, cross-border transactions are bridging a gap in conducting seamless business between nations. Moreover, currently, almost every banking institution allows transactions through UPI. Hence, it is the smartest and simplest online payment method and is available 24 hours.