What does API stand for?

The term API stands for Application Programming Interface. This is a set of rules and protocols for building and interacting with software applications. APIs enable different software programs to communicate with each other, allowing developers to use predefined functions rather than writing code from scratch. In the context of payments, APIs facilitate the integration of payment processing systems, enabling businesses to offer payment services seamlessly within their applications. This abbreviation is widely recognized in the tech industry, and understanding it is crucial for anyone involved in software development or payment technologies.