News Summary

Visa and Mastercard are venturing into AI-driven commerce by partnering with various tech companies and startups. Visa’s ‘Intelligent Commerce’ initiative and Mastercard’s ‘Agent Pay’ are designed to enhance online shopping experiences through AI agents. These agents will make personalized purchase decisions based on consumer preferences. Collaborations include companies like Anthropic, IBM, Microsoft, OpenAI, and Stripe. Mastercard plans to work with Microsoft, IBM, Braintree, and Checkout.com to scale ‘agentic commerce’. The move signals a broader trend as PayPal and Amazon also announce AI shopping features.