Introduction
Peer-to-Merchant (P2M) Transfer refers to UPI transactions where a customer sends money to a business or service provider.
Definition
The definition of P2M Transfer is a UPI payment mode used for shopping, food delivery, utility bills, or any service that requires customer-to-business payment.
How It Works
The customer selects the merchant’s UPI QR code or ID, adds the amount, and confirms the transfer using their UPI app.
Benefits
- Instant confirmation for both parties
- Works with static/dynamic QR codes
- Promotes digital acceptance among businesses
