Mastercard completed its first live AI agent payment transaction in Singapore. The company partnered with DBS and UOB for the demonstration. An AI agent booked an airport ride via the Agent Pay framework.
The framework uses unique tokens and passkeys for security. This system verifies and authenticates each transaction.
Mastercard plans to expand AI agent transactions into travel, retail, and transportation. The initiative supports a broader strategy for AI-led commerce.
Mastercard is establishing a regional AI Center of Excellence in Singapore. The center will be the company's largest innovation hub in the region.