diff --git a/packages/backend/src/index.ts b/packages/backend/src/index.ts
index ec4c82a7ba..bd72bba1fa 100644
--- a/packages/backend/src/index.ts
+++ b/packages/backend/src/index.ts
@@ -292,9 +292,6 @@ export function initIocContainer(
       knex: await deps.use('knex'),
       accountingService: await deps.use('accountingService'),
       walletAddressService: await deps.use('walletAddressService'),
-      telemetry: config.enableTelemetry
-        ? await deps.use('telemetry')
-        : undefined,
       config: await deps.use('config')
     })
   })
diff --git a/packages/backend/src/open_payments/payment/incoming/service.ts b/packages/backend/src/open_payments/payment/incoming/service.ts
index 143da508b2..afad128bbe 100644
--- a/packages/backend/src/open_payments/payment/incoming/service.ts
+++ b/packages/backend/src/open_payments/payment/incoming/service.ts
@@ -17,7 +17,6 @@ import {
 import { Amount } from '../../amount'
 import { IncomingPaymentError } from './errors'
 import { IAppConfig } from '../../../config/app'
-import { TelemetryService } from '../../../telemetry/service'
 
 export const POSITIVE_SLIPPAGE = BigInt(1)
 // First retry waits 10 seconds
@@ -48,7 +47,6 @@ export interface ServiceDependencies extends BaseService {
   accountingService: AccountingService
   walletAddressService: WalletAddressService
   config: IAppConfig
-  telemetry?: TelemetryService
 }
 
 export async function createIncomingPaymentService(
@@ -222,10 +220,6 @@ async function handleDeactivated(
       )
       await incomingPayment.$query(deps.knex).patch({ processAt: null })
       return
-    } else if (deps.telemetry) {
-      deps.telemetry.incrementCounter('transactions_count_incoming', 1, {
-        description: 'Count of funded incoming transactions'
-      })
     }
 
     const type =
diff --git a/packages/backend/src/open_payments/payment/outgoing/lifecycle.ts b/packages/backend/src/open_payments/payment/outgoing/lifecycle.ts
index 30585c1399..d8e56b45fc 100644
--- a/packages/backend/src/open_payments/payment/outgoing/lifecycle.ts
+++ b/packages/backend/src/open_payments/payment/outgoing/lifecycle.ts
@@ -85,7 +85,7 @@ export async function handleSending(
   const payEndTime = Date.now()
 
   if (deps.telemetry) {
-    deps.telemetry.incrementCounter('transactions_count_outgoing', 1, {
+    deps.telemetry.incrementCounter('transactions_count', 1, {
       description: 'Count of funded outgoing transactions'
     })
 
diff --git a/packages/backend/src/payment-method/ilp/connector/core/rafiki.ts b/packages/backend/src/payment-method/ilp/connector/core/rafiki.ts
index 8cfe8fdf44..d07c32dd81 100644
--- a/packages/backend/src/payment-method/ilp/connector/core/rafiki.ts
+++ b/packages/backend/src/payment-method/ilp/connector/core/rafiki.ts
@@ -168,7 +168,7 @@ export class Rafiki<T = any> {
         'packet_count_prepare',
         1,
         {
-          description: 'Count of incoming prepare packets'
+          description: 'Count of prepare packets that are sent'
         }
       )
       console.log('TEST RAFIKI PREPARE PACKT COUNT ADDED')
@@ -223,7 +223,7 @@ export class Rafiki<T = any> {
           'packet_count_fulfill',
           1,
           {
-            description: 'Count of outgoing fulfill packets'
+            description: 'Count of fulfill packets'
           }
         )
         console.log('TEST RAFIKI FULFILL PACKT COUNT ADDED')
@@ -232,7 +232,7 @@ export class Rafiki<T = any> {
           'packet_count_reject',
           1,
           {
-            description: 'Count of outgoing reject packets'
+            description: 'Count of reject packets'
           }
         )
         console.log('TEST RAFIKI REJECT PACKT COUNT ADDED')
diff --git a/packages/documentation/src/content/docs/telemetry/overview.md b/packages/documentation/src/content/docs/telemetry/overview.md
index 973f51d9c3..e724f3ea66 100644
--- a/packages/documentation/src/content/docs/telemetry/overview.md
+++ b/packages/documentation/src/content/docs/telemetry/overview.md
@@ -7,7 +7,7 @@ title: Overview
 The objective of the telemetry feature is to gather metrics and establish an infrastructure for visualizing valuable network insights. The metrics we at the Interledger Foundation collect include:
 
 - The total amount of money transferred via packet data within a specified time frame (daily, weekly, monthly).
-- The number of transactions from incoming payments that have been at least partially successful.
+- The number of transactions that have been at least partially successful.
 - The number of ILP packets flowing through the network.
 - The average amount of money held within the network per transaction.
 - The avergae time it takes for an outgoing payment to complete.
@@ -64,29 +64,23 @@ If an ASE does not provide the necessary exchange rate for a transaction, the te
 
 Data points for all metrics (e.g. counter increases) are exported to collection endpoints at a configurable interval (default recommended to 15s).
 
-Metrics collected from the the sending side of a transaction:
+Currently collected metrics:
 
-- `transactions_count_outgoing` - Counter metric
+- `transactions_count` - Counter metric
   - Description: “Count of funded outgoing transactions”
   - This counter metric increases by 1 for each successfully funded outgoing payment resource.
-- `ilp_pay_time_ms` - Histogram metric
-  - Description: “Time to complete an outgoing ILP payment”
-  - This histogram metric records the time taken to make an ILP payment.
-
-Metrics collected from the the receiving side of a transaction:
-
 - `packet_count_prepare` - Counter metric
-  - Description: “Count of incoming prepare packets”
+  - Description: “Count of prepare packets that are sent”
   - This counter metric increases by 1 for each prepare packet that is sent.
 - `packet_count_fulfill` - Counter metric
-  - Description: “Count of outgoing fulfill packets”
-  - This counter metric increases by 1 for each fulfill packet that is sent.
+  - Description: “Count of fulfill packets”
+  - This counter metric increases by 1 for each fulfill packet that is received.
 - `packet_count_reject` - Counter metric
-  - Description: “Count of outgoing reject packets”
-  - This counter metric increases by 1 for each reject packet that is sent.
-- `transactions_count_incoming` - Counter metric
-  - Description: “Count of funded incoming transactions”
-  - This counter metric increases by 1 for each successfully funded incoming payment resource.
+  - Description: “Count of reject packets”
+  - This counter metric increases by 1 for each reject packet that is received.
 - `packet_amount_fulfill` - Counter metric
   - Description: “Amount sent through the network”
   - This amount metric increases by the amount sent in each ILP packet.
+- `ilp_pay_time_ms` - Histogram metric
+  - Description: “Time to complete an outgoing ILP payment”
+  - This histogram metric records the time taken to make an ILP payment.