Mastercard launched AI-initiated payments in Singapore. The service also debuted in Malaysia. The company plans to expand these authenticated agentic transactions across the ASEAN region. UOB partnered with Mastercard for regional testing. Local banks will manage in-country deployment.
The Mastercard Agent Pay framework utilizes tokenized credentials. The system uses verifiable intent to secure transactions. These measures ensure payments align with consumer authorization.
Mastercard will open a regional AI Center of Excellence in Singapore. The facility opens later this year. This site will be the company's largest innovation space in the Asia Pacific region. The center focuses on payments, cybersecurity, and fraud detection.