Payment Institutions are companies that provide services to facilitate electronic payments. They enable businesses and consumers to send and receive money through various methods, such as credit cards, bank transfers, and digital wallets. These institutions help streamline transactions, making it easier for people to conduct financial activities online. To operate, Payment Institutions must comply with regulations set by financial authorities, ensuring the security and reliability of their services. They often partner with banks and other financial entities to offer a wide range of payment solutions, contributing to the growth of the fintech industry and enhancing the overall payment experience for users.