Mastercard has successfully rolled out authenticated agentic transactions across multiple ASEAN markets to help accelerate secure, transparent agentic commerce in the region.
“With early pilots now live across multiple markets, Mastercard is proving that AI agents can operate responsibly and transparently, giving consumers confidence that every transaction is authenticated and anchored in verifiable intent,” said Safdar Khan, division president, Southeast Asia, Mastercard.
Initial region-wide testing
Mastercard collaborated with ASEAN bank UOB for the initial region-wide testing, with the first wave of authenticated agentic transactions across Singapore and Malaysia and additional markets to follow. Mastercard also forged partnerships with local banks in each country to support localised deployments.
“As adoption grows, we continue to combine innovation and strong governance to scale these capabilities across borders and sectors, unlocking greater value for consumers and businesses across ASEAN,” said Jacquelyn Tan, head of Group Personal Financial Services, UOB.
Secure and trusted AI-initiated purchases.
Mastercard Agent Pay aims to provide the safeguards and framework for secure and trusted AI-initiated purchases, aligning with industry standards and regulations. It combines tokenised credentials, verifiable intent and end-to-end auditability (through Mastercard Agentic Tokens and Payment Passkeys) to ensure compliance and consumer trust in every AI-initiated transaction.
The company also introduced Verifiable Intent, a new, standards-based trust paradigm for agentic commerce, co-developed with Google, creating a tamper-resistant record of what a user authorised when an AI agent acts on their behalf. It also acts as a reliable shared source of truth across the ecosystem for consumers, merchants and issuers.
