Definition ∞ Payment Agents are entities or systems authorized to facilitate and process financial transactions on behalf of individuals or organizations. They act as intermediaries, managing the flow of funds between payers and payees, often ensuring compliance with financial regulations and security standards. Their role is to simplify and secure the payment process.
Context ∞ In the evolving landscape of digital assets and cryptocurrencies, Payment Agents are becoming increasingly relevant for bridging traditional finance with decentralized payment rails. Discussions frequently address the regulatory requirements for these agents, particularly concerning Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols. The future trajectory suggests a greater role for these agents in enabling seamless cross-border payments and the integration of digital currencies into mainstream commerce.
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