DBS and Visa Intelligent Commerce: AI Agent Payments Pilot
Why in the news
DBS Bank and Visa began a pilot where software agents driven by AI carry out payments for customers.
Key facts
- Product: Visa Intelligent Commerce.
- Features: agents start transactions, payments depend on user consent, and the base is a secure API-driven set-up.
- Distinction: DBS is the first issuer in Asia-Pacific to do this.
Example uses
- Food orders.
- Online shopping.
- Travel bookings.
Exam angle
- Keyword: agentic payments, meaning AI agents paying for users.
- Partners: DBS Bank and Visa.