Ant International partners with Visa, Mastercard on developing AI payments
Visa, Mastercard and Ant International are working on common standards for AI-agent payments — including ways to verify and monitor their transactions.
TL;DR
- Ant International, Visa, and Mastercard are collaborating on new standards for AI-agent payments.
- The partnership aims to establish common standards for verifying and monitoring AI agents.
- The companies anticipate AI agents will handle $3 trillion to $5 trillion in global consumer commerce by 2030.
- The goal is to increase interoperability, allowing agents registered with one company to work with others.
- Ant International's Alipay+ system already partners with over 50 e-wallets, particularly in developing economies.
- Alipay has recently introduced AI features for automated recurring orders, such as Starbucks purchases and Didi ride-hailing requests.