Mastercard announced it has completed its first live, authenticated agentic transaction in Singapore in partnership with DBS and UOB.
The pilot used Mastercard’s Agent Pay technology, where an AI agent successfully booked a ride to Changi Airport through mobility provider hoppa. The process was facilitated by an AI agent developed by CardInfoLink.
According to Mastercard, the transaction relied on tokenised payment credentials and was verified using Mastercard Payment Passkeys to ensure secure authentication and data protection for consumers.
The Agent Pay system assigns each AI agent a unique Mastercard Agentic Token, requires clear user consent before transactions are carried out, and confirms purchases through secure passkey authentication.
Mastercard plans to broaden the use of agentic transactions across sectors such as transportation, travel, entertainment, and retail.
The initiative is also linked to the company’s plans to establish a regional AI Centre of Excellence in Singapore, which Mastercard said will become its largest innovation hub in the region and support collaborations with large language model providers and regional technology teams.
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