P2M Payment

byPaytm Editorial TeamLast Updated: September 16, 2025

Meaning

P2M payment stands for Peer-to-Merchant payment, which involves transferring money digitally from a customer to a business or merchant.

Examples

  • Paying grocery bills through UPI QR.
  • Online shopping payments.
  • Utility bill payments to companies.

Importance

  • Supports small and large businesses.
  • Provides secure, traceable transactions.
  • Encourages a cashless economy.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

What is External Benchmark Rate (EBR)?Last Updated: October 11, 2024

Understanding the Concept of EBR  External benchmark rate or external benchmark lending rate was implemented by the RBI…

Floating RateLast Updated: October 21, 2025

Meaning Floating Rate is an interest rate or return that adjusts automatically according to market trends, similar to…

NPCI Full Form & MeaningLast Updated: February 14, 2025

What is the full form of NPCI in banking & finance? The full form of NPCI is National…

UPI RefundLast Updated: July 18, 2025

Meaning A UPI Refund is the return of money to the sender’s account when a UPI transaction fails…