Plain meaning
Start with the shortest useful explanation before going deeper.
An open payment standard and SDK that defines URI schemes and protocol flows for requesting SOL or SPL token transfers and for constructing and returning partially-built transactions from merchant backends to user wallets. It comprises two sub-protocols — Transfer Requests (simple static payment URIs) and Transaction Requests (dynamic server-signed transaction fetching) — and enables point-of-sale payments, loyalty programs, and interactive commerce experiences using QR codes or deeplinks.