Mastercard has introduced its new Agentic Payments Program, Mastercard Agent Pay, which combines cutting-edge AI with secure payment technologies to transform commerce. The program aims to deliver smarter, safer, and more personalized payment experiences for consumers, merchants, and issuers.

What is Mastercard Agent Pay?

Mastercard Agent Pay integrates with agentic AI to facilitate secure and seamless transactions. By using Mastercard Agentic Tokens, it builds on existing tokenization technologies that support mobile payments, subscriptions, and recurring payments. The aim is to unlock a future where consumers and businesses can make transactions with trust, security, and control.

Collaborating with AI Giants

Mastercard is collaborating with Microsoft and other top AI platforms to scale this innovative solution. It is also working with tech companies like IBM to accelerate B2B use cases. Partnerships with acquirers and checkout platforms, including Braintree and Checkout.com, will enhance security and transparency for merchants.

How Does It Work?

Mastercard Agent Pay enhances AI-powered conversations by integrating trusted payment solutions into personalized recommendations. For example, an AI agent can help a person plan their birthday party by suggesting outfits, making purchases, and recommending the best way to pay, all using Mastercard One Credential.

Small businesses can also use AI agents to manage procurement, payments, and logistics. With the new system, cross-border transactions can be processed seamlessly using Mastercard virtual corporate card tokens.

What It Means for Consumers?

Consumers will be able to shop more securely and conveniently, thanks to enhanced tokenization and AI-driven recommendations. The system will ensure transparency, allowing consumers to have full control over purchases made by AI agents on their behalf.

Commitment to Safety and Security

Mastercard’s commitment to responsible AI ensures that every transaction is secure, transparent, and protected from fraud. The company’s advanced security features, including AI-assisted biometrics, will help consumers authenticate transactions and avoid unrecognized charges.

Expert Insights

Mastercard is anticipating the needs of tomorrow’s consumers by making payments safer and more intuitive, said Jorn Lambert, Mastercard’s Chief Product Officer. He also emphasized the importance of collaborating with industry players to set new standards for agentic payments.

What's Next?

As agentic commerce continues to evolve, Mastercard is dedicated to responsible innovation, ensuring that today’s technology meets tomorrow’s needs.

Mastercard's Agent Pay is setting the stage for the future of AI-driven commerce, making online transactions easier and more secure for everyone.