Mastercard Prepares Agentic Commerce Platform for a Future Where AI Agents Make Payments
- On Tuesday, Mastercard unveiled Agent Pay for Machines , a service enabling AI agents to securely make payments to each other at scale. The protocol supports automated transactions across cards, bank accounts, and stablecoins.
- Mastercard aims to position its network at the center of a future where agents independently coordinate transactions. The initiative addresses current infrastructure gaps, as automated payments often fail because no payment option is available.
- More than 30 companies have joined the initiative, including Coinbase, Stripe, and Cloudflare. Agent permissions are stored on Polygon, Solana, and Base blockchains to verify that agents act as instructed.
- Raj Dhamodharan, Mastercard's executive vice president of blockchain and digital asset products and partnerships, said, "We are already seeing a number of services and agents popping up to provide a range of products and services." The platform uses credentialing and settlement services to solve payment reliability issues.
- Jorn Lambert, Mastercard's chief product officer, said the service won't be "a huge revenue driver" next year but expects it to become "a meaningful new addressable market" over five years. Visa and Google are also racing to define standards for agent-based commerce.
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According to the flag, the novelty will allow transactions to be authorised, processed and settled at high speed, continuously and available 24 hours a day
A new protocol signed Mastercard provides for "payment between machines", which could soon pave the way for a new major wave of innovations, new business models.
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