Mastercard launches Mastercard Agent Pay

Mastercard (MA) announced the launch of its agentic payments program, Mastercard Agent Pay. The solution integrates with agentic AI. Mastercard Agent Pay will deliver payments experiences to consumers, merchants, and issuers. The program introduces Mastercard Agentic Tokens, which build upon proven tokenization capabilities that power global commerce solutions like mobile contactless payments, secure card-on-file, and Mastercard Payment Passkeys, as well as programmable payments like recurring expenses and subscriptions. Mastercard will collaborate with Microsoft (MSFT) on new use cases to scale agentic commerce, with other AI platforms to follow. Mastercard will also partner with technology enablers like IBM (IBM), with its watsonx Orchestrate product, to accelerate B2B use cases. In addition, Mastercard will work with acquirers and checkout players like Braintree and Checkout.com to enhance the tokenization capabilities they are already using. For banks, tokenized payment credentials will be integrated across agentic commerce platforms.