Glossary
PayerJune 16, 2025

Meaning The payer is the individual or entity who initiates a payment to another person or merchant. The…

Glossary
PayeeJune 16, 2025

Definition The payee is the individual or merchant who receives money in a transaction. The payee’s account is…

Glossary
Payment ReversalJune 16, 2025

Definition A payment reversal happens when money sent in a transaction is returned to the payer’s account. It…

Glossary
P2M PaymentJune 16, 2025

Meaning P2M payment stands for Peer-to-Merchant payment, which involves transferring money digitally from a customer to a business…

Glossary
Pending UPI TransactionJune 16, 2025

Definition A pending UPI transaction means the payment request has been initiated but not completed due to technical…

Glossary
P2P PaymentJune 16, 2025

Definition P2P payment stands for Peer-to-Peer payment, which means transferring money directly between individuals using digital platforms like…