# Visa: Agentic commerce

Source: https://www.bankingnewsai.com/fintech/visa/agentic-commerce
Last updated: Oct 22, 2026

*Part of the [Visa AI strategy profile](https://www.bankingnewsai.com/fintech/visa).*

## What is Visa doing in agentic commerce?

Visa's agentic commerce program is Visa Intelligent Commerce, launched on April 30, 2025, which lets AI agents find and pay with tokenized Visa credentials; Anthropic, IBM, Microsoft, Mistral AI, OpenAI, Perplexity, Stripe and Samsung were named collaborators. It added an MCP server in September 2025, the Trusted Agent Protocol with Cloudflare in October 2025, and Intelligent Commerce Connect in April 2026, one integration across four agent protocols. Visa then moved to live transactions by region: DBS became the first Asia Pacific issuer to pilot it on February 16, 2026; Santander and Visa completed pilot purchases in five Latin American markets on March 12, 2026; and on July 2, 2026 Visa said AI agents were buying from independent merchants in Europe with more than 30 issuers. The Agentic Ready program, launched in Europe on March 17, 2026, gives issuers a structured way to test agent payments. Visa has also written agentic commerce into its card rules: the April 18, 2026 edition requires an Agentic Payment Provider to enroll in Visa Intelligent Commerce, verify the cardholder's identity and obtain the cardholder's acknowledgement that they are responsible for the agent's actions. A June 10, 2026 partnership brings Visa payments to OpenAI. McInerney called agentic commerce "a when, not an if" on July 28, 2026. Visa has not published agentic transaction counts, volumes or revenue. ([Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21366.html), [Visa](https://corporate.visa.com/en/sites/visa-perspectives/innovation/visa-mcp-server-agent-acceptance-toolkit.html), [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21716.html), [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22276.html), [DBS and Visa (PR Newswire)](https://www.prnewswire.com/apac/news-releases/dbs-is-first-bank-in-asia-pacific-to-pilot-visa-intelligent-commerce-for-everyday-payments-302688457.html), [PYMNTS](https://www.pymnts.com/partnerships/2026/santander-and-visa-launch-latam-agentic-payments-project), [Visa](https://www.visa.co.uk/about-visa/newsroom/press-releases.3457328.html), [Visa](https://www.visa.co.uk/about-visa/newsroom/press-releases.3437886.html), [Visa](https://usa.visa.com/content/dam/VCOM/download/about-visa/visa-rules-public.pdf), [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseid.22496.html), [Investing.com (earnings call transcript)](https://www.investing.com/news/transcripts/earnings-call-transcript-visa-tops-q3-2026-estimates-raises-outlook-93CH-4818303))

## Where have AI agents completed live payments on Visa, and with whom?

Visa and partner announcements in date order. Visa describes most as pilots or controlled production tests.

| Region | What happened | Partners | Date | Sources |
| --- | --- | --- | --- | --- |
| United States | Hundreds of controlled, real-world agent-initiated transactions; more than 100 partners, over 30 building in the sandbox | Skyfire, Nekuda, PayOS and Ramp in closed beta | December 18, 2025 | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21961.html) |
| Asia Pacific | DBS became the first issuer in the region to pilot Visa Intelligent Commerce, validating AI-ready credentials, authentication and payment signals | DBS Bank | February 16, 2026 | [DBS and Visa (PR Newswire)](https://www.prnewswire.com/apac/news-releases/dbs-is-first-bank-in-asia-pacific-to-pilot-visa-intelligent-commerce-for-everyday-payments-302688457.html) |
| Latin America | Pilot agentic purchases in Argentina, Brazil, Chile, Mexico and Uruguay; agents bought chocolates in Brazil and books elsewhere | Santander | March 12, 2026 | [PYMNTS](https://www.pymnts.com/partnerships/2026/santander-and-visa-launch-latam-agentic-payments-project) |
| Europe and UK | Agentic Ready launched, first phase focused on issuer readiness with controlled production-grade tests at selected merchants | European issuers | March 17, 2026 | [Visa](https://www.visa.co.uk/about-visa/newsroom/press-releases.3437886.html) |
| Global | Agentic Ready extended from more than 20 partners in the UK and Europe to 85+ partners in Asia Pacific and Latin America | Issuers and payment partners | April 29, 2026 | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22341.html) |
| Europe | AI agents completing purchases on independent merchant websites in live environments, with more than 30 European issuers | Merchants including lastminute.com, Frasers, Cleverbridge and BrickDepot | July 2, 2026 | [Visa](https://www.visa.co.uk/about-visa/newsroom/press-releases.3457328.html) |
| United States (B2B) | First live pilot of an AI agent paying supplier invoices with tokenized credentials, registered through the Trusted Agent Protocol and Agentic Directory | BILL, Billtrust | October 20, 2026 | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22856.html) |

## What has Visa built for agents and merchants, and who is it working with?

| Item | What it does | Date | Sources |
| --- | --- | --- | --- |
| Live pilot in the 10-K | A 2025 pilot program processed live agentic token transactions in e-commerce and enterprise environments | November 6, 2025 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm) |
| Merchant agent toolkit | Visa said it was powering live agentic transactions and had released a toolkit for developers to embed its solutions in agentic workflows | October 28, 2025 | [The Motley Fool (earnings call transcript)](https://www.fool.com/earnings/call-transcripts/2025/10/28/visa-v-q4-2025-earnings-call-transcript/) |
| Intelligent Commerce Connect | A protocol- and token-vault-agnostic on-ramp across Trusted Agent Protocol, Machine Payments Protocol, Agentic Commerce Protocol and Universal Commerce Protocol, including non-Visa cards | April 8, 2026 | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22276.html), [The Motley Fool (earnings call transcript)](https://www.fool.com/earnings/call-transcripts/2026/04/29/visa-v-q2-2026-earnings-call-transcript/) |
| Visa CLI | A proof of concept letting a developer pay for digital services with a Visa credential from a command line; McInerney said it shows micro transactions on cards | April 28, 2026 | [The Motley Fool (earnings call transcript)](https://www.fool.com/earnings/call-transcripts/2026/04/29/visa-v-q2-2026-earnings-call-transcript/) |
| OpenAI | Strategic collaboration to enable Visa payments in agentic commerce across OpenAI | June 10, 2026 | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseid.22496.html) |
| Agent Score, Agentic Directory, Token Assurance Framework | Merchant site readiness scoring (with New Generation), a directory of verified agents and merchants, and infrastructure to make agent-initiated transactions transparent | June to July 2026 | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseid.22491.html), [Investing.com (earnings call transcript)](https://www.investing.com/news/transcripts/earnings-call-transcript-visa-tops-q3-2026-estimates-raises-outlook-93CH-4818303) |
| Meta | Visa Intelligent Commerce powering new ways to pay with Visa tokens on Facebook and Instagram | July 28, 2026 | [Investing.com (earnings call transcript)](https://www.investing.com/news/transcripts/earnings-call-transcript-visa-tops-q3-2026-estimates-raises-outlook-93CH-4818303) |
| Know Your Agent | Visa, Mastercard and Ant International began work on a framework to identify and monitor AI agents across networks | September 17, 2026 | [American Banker](https://www.americanbanker.com/payments/news/mastercard-visa-launch-agentic-ai-risk-tools) |

## What rules govern agent payments on Visa, who is responsible, and what is not disclosed?

Visa's April 18, 2026 rules define an Agentic Payment Provider and an Agentic Transaction. A provider must enroll in Visa Intelligent Commerce and register with Visa, obtain tokens from Visa or an Agentic Payment Enabler for stored credentials, and must not run agentic transactions in a card-present environment or aggregate several into one. ([Visa](https://usa.visa.com/content/dam/VCOM/download/about-visa/visa-rules-public.pdf))

Before acting, the provider must obtain the cardholder's consent to provision a token and to use their payment instruction, state when that instruction expires, "obtain Cardholder acknowledgement that they are responsible for actions taken by the Agentic Payment Provider", and verify the cardholder's identity under Visa Intelligent Commerce specifications. When buying it must "use only the Cardholder-defined criteria". The same edition allowed digital wallets to be used in agentic transactions. ([Visa](https://usa.visa.com/content/dam/VCOM/download/about-visa/visa-rules-public.pdf))

The FY2025 10-K says the interplay of payments, privacy and AI rules "may create uncertainty around compliance obligations and potential liability exposure" as sellers, fintechs and AI developers enter agentic commerce, and that scaling could bring more erroneous or disputed payments and chargebacks. Visa's July 2026 European transactions were described as operating "in line with European regulatory requirements". ([U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm), [Visa](https://www.visa.co.uk/about-visa/newsroom/press-releases.3457328.html))

On demand, a Harris Poll survey for Visa in September 2026 found only 23% of U.S. consumers trust generative AI to handle payments for them, while 61% would trust Visa with agentic transactions. McInerney said on the July 2026 call that adoption depends on consumers trusting that an agent is authorised and that protections exist when something goes wrong. ([Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22736.html), [PYMNTS](https://www.pymnts.com/visa/2026/visa-expands-money-movement-as-card-spending-accelerates))

What is not disclosed: the number or value of agent-initiated transactions, how many agents are registered as Agentic Payment Providers, dispute and fraud rates on agentic transactions, how losses on disputed agent purchases are allocated beyond the cardholder acknowledgement in the rules, and revenue from Visa Intelligent Commerce. ([Visa](https://usa.visa.com/content/dam/VCOM/download/about-visa/visa-rules-public.pdf), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm))

## What does the Visa profile record on this topic?

| Date | Move | Detail | Sources |
| --- | --- | --- | --- |
| Oct 21, 2026 | SESA 2.0 and Visa Commercial Fraud Solutions announced | SESA 2.0 (Supplier Enablement Spend Analytics) adds AI-driven supplier scoring and predictive insights to help financial institutions identify commercial-card growth opportunities (SESA has helped uncover more than $600 billion in potential cardable spend since launch); Visa Commercial Fraud Solutions is a new suite to validate suppliers, authenticate virtual-card payment activity and apply controls before approval, alongside the BILL/Billtrust agentic pilot. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22866.html) |
| Oct 20, 2026 | Visa, BILL and Billtrust launch first live pilot for AI-agent invoice payments | An authorized BILL Payment Agent, registered using Visa's Trusted Agent Protocol and Agentic Directory, uses tokenized payment credentials to initiate card payments for supplier invoices; Billtrust uses the Trusted Agent Protocol to authenticate the agent at the supplier portal, replacing CAPTCHA-style human checks, so BILL can complete the payment end-to-end on the customer's behalf. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22856.html) |
| Aug 3, 2026 | Agreement to acquire BioCatch for $2.4 billion | Visa signs a definitive agreement to buy BioCatch, whose AI and machine-learning models analyse behavioral, device and network signals to detect account takeover, scams and mule accounts, from funds advised by Permira; closing is expected by the end of Visa's fiscal Q2 2027, subject to regulatory approval. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22626.html), [CNBC](https://www.cnbc.com/2026/08/03/visa-buys-biocatch-fraud-detection.html) |
| Jun 10, 2026 | OpenAI partnership, Agentic Directory and Large Transaction Model | At Visa Payments Forum Visa announces a strategic collaboration with OpenAI to enable Visa payments in agentic commerce, an Agentic Directory of verified agents and merchants, and a Large Transaction Model trained on billions of transactions. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseid.22491.html), [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseid.22496.html) |
| Apr 29, 2026 | Agentic Ready programme expands globally | The programme for issuers to test agent-initiated payments with live cards and real merchants, already live with more than 20 partners in the UK and Europe, extends to 85+ partners in Asia Pacific and Latin America. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22341.html) |
| Apr 8, 2026 | Intelligent Commerce Connect unveiled | A single integration through the Visa Acceptance Platform that lets agent builders and merchants accept agent payments across Trusted Agent Protocol, Machine Payments Protocol, Agentic Commerce Protocol and Universal Commerce Protocol, including non-Visa cards; in pilot with partners including AWS and Highnote. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.22276.html) |
| Oct 14, 2025 | Trusted Agent Protocol introduced | Visa unveils an open framework for agents to pass cryptographically signed intent, consumer-recognition and payment data to merchants, so merchants can tell trusted shopping agents from malicious bots; early partners include Adyen, Checkout.com, Coinbase, Fiserv, Microsoft, Shopify, Stripe and Worldpay. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21716.html) |
| Apr 30, 2025 | Visa Intelligent Commerce launches | At the Visa Global Product Drop, Visa opens its network to developers building AI agents that browse, select and buy for consumers, naming Anthropic, IBM, Microsoft, Mistral AI, OpenAI, Perplexity, Stripe and Samsung as collaborators. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21366.html) |
| Mar 11, 2025 | Scam Disruption practice unveiled | Visa formalises a scam-disruption group inside Payment Ecosystem Risk and Control; investigators use generative AI tools for correlation and graph analysis. Visa says the group prevented more than $350 million in attempted fraud in 2024, on top of $40 billion blocked by PERC on the network. | [Visa](https://usa.visa.com/about-visa/newsroom/press-releases.releaseId.21286.html) |

## Common questions

### What is Visa Intelligent Commerce?

Visa's program, launched on April 30, 2025, that opens its network to developers of AI agents that find and buy for consumers, using tokenized Visa credentials. It has since added an MCP server, the Trusted Agent Protocol, Intelligent Commerce Connect, an Agentic Directory and Agent Score, and Visa's card rules now require agent payment providers to enroll in it.

### Who is responsible if an AI agent makes a purchase on a Visa card?

Visa's April 2026 rules require an Agentic Payment Provider to obtain the cardholder's acknowledgement that they are responsible for actions taken by the provider, to verify the cardholder's identity and to buy only within cardholder-defined criteria. Visa has not published how disputed agent purchases are settled between issuers, merchants and providers.

### Is Visa working with OpenAI on agentic commerce?

Yes. On June 10, 2026 Visa announced a strategic collaboration with OpenAI to enable secure Visa payments within agentic commerce, with Visa supplying its network, credentialing and security infrastructure. OpenAI was also among the collaborators named when Visa Intelligent Commerce launched in April 2025.

### Where have AI agents made live Visa payments?

Visa reported hundreds of controlled U.S. agent transactions by December 2025, a DBS pilot in Singapore in February 2026, Santander pilots in five Latin American markets in March 2026, live purchases at independent European merchants with more than 30 issuers in July 2026, and a B2B invoice pilot with BILL and Billtrust in October 2026.

### How big is Visa's agentic commerce business?

Visa has not said. McInerney told analysts in April 2026 that Visa was seeing "real transactions with Visa agentic tokens" and in July 2026 that agentic commerce is "a when, not an if", but Visa has published no count, dollar volume or revenue for agent-initiated payments as of October 2026.
## Deeper on Visa

- [How does Visa use AI across its payment ecosystem?](https://www.bankingnewsai.com/fintech/visa/payment-ecosystem-ai)
- [What is Visa's role in the digital payments transformation?](https://www.bankingnewsai.com/fintech/visa/digital-payments-transformation)
- [How does Visa use AI for fraud and risk?](https://www.bankingnewsai.com/fintech/visa/fraud-and-risk-ai)
- [What is Visa's AI strategy?](https://www.bankingnewsai.com/fintech/visa/ai-strategy)
- [What is Visa's role in open finance and open banking?](https://www.bankingnewsai.com/fintech/visa/open-finance)

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