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P2P Payment Methods

Payment rails for P2P crypto trades, organized by region. UPI, Bank Transfer, JazzCash, Easypaisa, SBP, Wise, Revolut, and 19 more.

INDIA

UPI
UPI is the dominant P2P payment rail in India — instant bank-to-bank transfer with near-zero fees. Almost every Indian P2P merchant supports UPI, and spreads are tightest on this rail.
IMPS
IMPS (Immediate Payment Service) is the older instant-transfer system India used before UPI became dominant. Still supported across all major P2P platforms with bank-grade settlement.

PAKISTAN

JazzCash
JazzCash is Pakistan's biggest mobile-money wallet. Pakistani P2P USDT/PKR liquidity runs heavily on JazzCash + Easypaisa rails — these two cover ~80% of Pakistani P2P merchants.
Easypaisa
Easypaisa is Pakistan's #2 mobile wallet (Telenor-owned), neck-and-neck with JazzCash. Most Pakistani P2P USDT merchants accept both.
SadaPay
SadaPay is a newer Pakistani digital wallet popular with crypto traders. Smaller merchant pool than JazzCash/Easypaisa but instant settlement.
NayaPay
NayaPay is a Pakistani digital wallet aimed at the unbanked + crypto-native audience. Spreads are competitive when active.
Meezan Bank
Meezan Bank is Pakistan's largest Islamic bank. Common rail for Pakistani P2P merchants who prefer bank-account settlement over mobile-wallet.

RUSSIA

SBP
SBP (Система быстрых платежей) is Russia's instant payment system — RUB transfers between any two SBP-enabled banks settle in seconds. Bybit dominates Russian USDT/RUB P2P liquidity post-sanctions, with most ads quoting SBP.
Tinkoff
Tinkoff is Russia's largest digital-first bank. Tinkoff-to-Tinkoff transfers are instant; Tinkoff-to-other-bank transfers go through SBP. Heavily used on Russian P2P.
Sber
Sber (Sberbank) is Russia's largest bank. Most Russian P2P merchants list Sber alongside Tinkoff; together they cover the majority of RUB P2P trades.

INDONESIA

BCA
BCA (Bank Central Asia) is Indonesia's largest private bank. The plurality of Indonesian USDT/IDR P2P trades quote BCA — instant inter-bank transfers via Indonesia's BI-FAST system.
Mandiri
Bank Mandiri is Indonesia's largest state-owned bank, ubiquitous on Indonesian P2P. Most Indonesian merchants list BCA + Mandiri + BRI together.
BRI
BRI (Bank Rakyat Indonesia) has the deepest rural network in Indonesia. Common third rail alongside BCA + Mandiri on Indonesian P2P merchant ad listings.

GLOBAL

Bank Transfer
Generic bank transfer is the universal P2P fallback — slower than instant rails but available everywhere. Spreads on bank transfer are usually marginally better than instant alternatives because settlement risk is lower for the merchant.
Wise
Wise (formerly TransferWise) is the cross-border-friendly rail of choice for USD/EUR/GBP P2P trades. Multi-currency settlement; trusted on bigger P2P trades because Wise's KYC handles dispute support.
PayPal
PayPal is the legacy global P2P rail — supported across most exchanges but spreads are wider than instant alternatives because PayPal's chargeback policy creates merchant risk.

EUROPE

Revolut
Revolut is the dominant crypto-friendly digital bank in Europe. EUR and GBP P2P merchants frequently list Revolut alongside SEPA — instant Revolut-to-Revolut transfers settle within seconds.
SEPA
SEPA is the European bank-transfer standard. EUR P2P trades quote SEPA for higher amounts; SEPA Instant (when supported on both ends) settles within seconds.
N26
N26 is a German digital-first bank popular across the EU. Common alongside Revolut + SEPA for EUR P2P trades.
Raiffeisen
Raiffeisen is a major Central/Eastern European bank, particularly active in Russia, Ukraine, and Eastern Europe. Common EUR/RUB/UAH P2P rail.

UNITED STATES

Zelle
Zelle is the bank-network-backed instant payment system in the US (run by major US banks themselves). Heavily used on USD P2P — instant settlement, no fees, but all parties need a US bank account.
Cash App
Cash App is Block's consumer payment app, popular for USD P2P. Spreads on Cash App rails reflect the slight chargeback risk merchants price in.
Venmo
Venmo (PayPal-owned) is widely used in the US for peer-to-peer payments. Available on most major P2P platforms supporting USD trades.

CHINA

Alipay
Alipay is one of the two dominant Chinese payment apps. CNY P2P merchants quote Alipay alongside WeChat Pay — instant settlement via the Chinese banking system.
WeChat Pay
WeChat Pay is China's other dominant payment app (Tencent-owned). Most Chinese USDT/CNY P2P merchants accept both Alipay and WeChat Pay.
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OpenRate displays cleaned P2P marketplace data. Extreme outlier ads, stale listings, low-liquidity ads, and low-quality listings may be excluded. Exchange names are used for market identification only. OpenRate is not affiliated with the listed exchanges. Rates and estimates do not guarantee execution.