Peer-to-Merchant (P2M) Transfer

byPaytm Editorial TeamLast Updated: July 11, 2025

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

You May Also Like

QR Code PaymentsLast Updated: August 19, 2025

Meaning QR Code Payments refer to digital transactions made by scanning a Quick Response (QR) code with a…

P2M TransactionsLast Updated: July 11, 2025

Introduction P2M (Peer-to-Merchant) transactions are UPI payments made by customers to businesses for goods or services. Definition The…

Payment AggregatorLast Updated: August 12, 2025

Definition A Payment Aggregator is a service provider that enables merchants to accept various payment methods—like cards, UPI,…

NPCI MapperLast Updated: July 11, 2025

Introduction NPCI Mapper is a database system that links users’ mobile numbers to their bank accounts for UPI…