Payment Initiation refers to the process of starting a payment transaction, typically through a digital platform or application. This can involve various methods, such as bank transfers, credit card payments, or mobile wallets. The goal is to facilitate the transfer of funds from one account to another securely and efficiently. In many cases, Payment Initiation is part of a broader financial service, often enabled by technologies like APIs (Application Programming Interfaces). These technologies allow different systems to communicate, making it easier for users to manage their finances and execute transactions without needing to visit a bank or physical location.