Ant International Collaborates with Visa, Mastercard on AI Payments Standards
Ant International has partnered with payment giants Visa and Mastercard to develop standards for payments made via AI agents. The collaboration aims to establish trust in these systems by verifying the identity of AI agents, monitoring their behavior, and enabling interoperability across different platforms. Ant cited McKinsey projections that AI agents could handle $3 trillion to $5 trillion in consumer commerce globally by 2030. The initiative seeks to streamline processes so an agent registered with one company can operate seamlessly on others' systems without re-registration. In the past year, each of these companies has developed their own protocols for secure AI-driven payments. The move reflects growing interest in digital wallets and e-commerce transactions, which accounted for significant global spending volumes. Ant International is separate from its parent Ant Group, known for Alipay in China. Meanwhile, Alipay recently introduced an AI feature allowing users to automate recurring orders like Starbucks coffee or Didi ride-hailings.
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Topics: AI collaboration fintech payment_standards