Mastercard Partners with OpenAI and Tencent for Agentic Commerce
Mastercard partners with OpenAI and Tencent to boost AI-driven agentic commerce solutions.
In brief
Mastercard partners with OpenAI and Tencent to boost AI-driven agentic commerce solutions. Mastercard forms partnerships with OpenAI and Tencent to enable AI shopping agents using tokenized cards for agentic commerce. Originally reported by Pymnts.
Mastercard and OpenAI Partnership
Mastercard CEO Michael Miebach announced a partnership with OpenAI to drive agentic commerce using tokenized cards.
“Our agreement establishes collaboration across payments, joint services growth and AI transformation”
Agent Pay Infrastructure
Mastercard Agent Pay enables payments in agentic commerce and is used by Shopify’s Shop Pay.
Tencent Partnership
Mastercard and Tencent’s TenPay Global will explore cross-border payments and AI-enabled commerce solutions.
“Looking ahead, the collaboration will explore how the same principles of interoperability, trust and security can extend to agentic commerce”
The short version
Mastercard forms partnerships with OpenAI and Tencent to enable AI shopping agents using tokenized cards for agentic commerce.
