More than 25 financial and technology companies have joined the new Agentic Payments Alliance, a coalition focused on developing the infrastructure and standards needed for AI agents to transact on behalf of consumers and businesses.
Founding members include Visa, Mastercard, Fiserv, Circle, Solana and Remitly, alongside other companies working across payments, financial services and blockchain infrastructure.
The alliance comes as agentic commerce begins to emerge as a significant area of development for the payments industry. McKinsey estimates that agentic commerce could reach between $3 trillion and $5 trillion globally by 2030, although much of the infrastructure required to support autonomous transactions is still being developed.
Key questions include how AI agents will be identified and authorised to make payments, how fraud and misuse will be detected, and how payment credentials, loyalty programmes and rewards will work when an agent is making a purchase on a user’s behalf.
The Agentic Payments Alliance will operate as a working coalition, with founding members collectively establishing its charter and priorities.
Early initiatives are expected to include shared research and frameworks, testing emerging standards around agent identity and authorisation, and engagement with regulators on the issues raised by agentic commerce.
