Introduction
P2P (Peer-to-Peer) transactions are digital payments made between two individuals using UPI.
Definition
The definition of P2P transactions is person-to-person money transfers done via UPI apps, using UPI ID, mobile number, or bank account.
How It Works
A sender enters the receiver’s UPI ID or mobile number, adds the amount, and sends money instantly using their UPI app.
Benefits
- Quick and secure money transfers
- No need for account number or IFSC
- Useful for rent, bill splits, or borrowing money
