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This article discusses the rise of agentic commerce, where intelligent agents facilitate purchasing decisions for users. Payment service providers (PSPs) must adapt to this shift by updating their systems to stay relevant, as traditional methods may become obsolete.
Mastercard has introduced a new payment solution called Agent Pay, aimed at enhancing agentic commerce by enabling agents to facilitate transactions directly on behalf of customers. This innovation is designed to simplify the payment process and foster greater engagement between consumers and service providers.