In a significant move towards the future of online shopping, payments giants Visa and Mastercard have announced their collaboration on a pioneering payment system called agentic commerce. This innovative approach aims to integrate artificial intelligence into the shopping experience, allowing for seamless transactions through chat interfaces, as enthusiastically stated in the publication.
Introduction to the Agentic Commerce System
The agentic commerce system will empower AI agents to perform various tasks, including searching for products, comparing prices, booking items, and processing payments. This development is seen as a major leap in the evolution of online commerce, as highlighted by Sandeep Malhotra, Mastercard's EVP for Core Payments in Asia Pacific. He emphasized that the shift from cash to digital payments is now evolving into intelligent transactions.
Commercial Implementation Timeline
Commercial implementation of this groundbreaking system is expected to commence in the first quarter of 2026. As this technology unfolds, it promises to transform the way consumers engage with online shopping, making the process more efficient and user-friendly.
SoftBank has recently intensified its focus on artificial intelligence, engaging in advanced discussions to acquire DigitalBridge, which could enhance its AI capabilities. This strategic move contrasts with Visa and Mastercard's recent announcement of their innovative agentic commerce system. For more details, see further information.
