Payment tokens are digital representations of value used to facilitate transactions. They can be issued by companies or organizations and are often used in online payments, allowing users to make purchases without revealing sensitive information like credit card numbers. Payment tokens enhance security by replacing actual payment details with unique identifiers. These tokens can be part of various payment systems, including cryptocurrencies and mobile wallets. They streamline the payment process, making it faster and more efficient while reducing the risk of fraud. As digital payments continue to grow, payment tokens play a crucial role in modern financial transactions.