Payee
Definition The payee is the individual or merchant who receives money in a transaction. The payee’s account is…
Payer
Meaning The payer is the individual or entity who initiates a payment to another person or merchant. The…
Payment Reversal
Definition A payment reversal happens when money sent in a transaction is returned to the payer’s account. It…
Payment Gateway Integration
Meaning Payment gateway integration is the process of connecting a website or mobile app with a digital payment…
Pending UPI Transaction
Definition A pending UPI transaction means the payment request has been initiated but not completed due to technical…
P2M Payment
Meaning P2M payment stands for Peer-to-Merchant payment, which involves transferring money digitally from a customer to a business…
P2P Payment
Definition P2P payment stands for Peer-to-Peer payment, which means transferring money directly between individuals using digital platforms like…
One-Time Mandate
Definition A one-time mandate is a pre-approved instruction that allows automatic debit of a specified amount only once…
Merchant Settlement Report
Meaning A merchant settlement report is a detailed statement provided by banks or payment platforms that shows the…
Multi-Bank Linking
Definition Multi-bank linking means connecting more than one bank account to a single digital payment platform, such as…