P2P Transactions

byPaytm Editorial TeamLast Updated: July 11, 2025

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

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