Artificial intelligence (AI) is set to revolutionize payments through the emergence of “agent commerce,” particularly in Brazil. This innovative model harnesses AI agents to execute both routine transactions and larger purchases by automating processes such as finding discounts and completing purchases automatically. Brazil’s robust open finance system and high engagement with digital payments make it an ideal testing ground. Card networks prioritize the development of secure payment methods for AI agents, addressing concerns about fraud and privacy. Notably, 40% of Latin American consumers express comfort allowing AI to make purchasing decisions, with that figure even higher among younger demographics. Industry leaders, like Mastercard and Visa, are actively pushing this technology forward, ensuring compliance with security standards. The potential market for agent commerce could reach $1.7 trillion by 2030, as users like Caroline Torres express interest in AI tools for price comparison while emphasizing the importance of security in automated transactions.
Source link
Share
Read more