Mastercard Powering ASEAN’s AI Ambitions in the Future of Payments
Mastercard has successfully rolled out authenticated agentic transactions across multiple ASEAN markets and plans to establish a new regional AI Centre of Excellence in Singapore. The move aims to accelerate secure and transparent AI-initiated payments in the region.
Mastercard has made significant progress in its ASEAN AI strategy with the rollout of authenticated agentic transactions across multiple markets. The company collaborated with UOB and local banks to test the transactions in Singapore and Malaysia. Mastercard's Agent Pay provides a framework for secure AI-initiated purchases, combining tokenized credentials and verifiable intent. The company is also launching a regional AI Center of Excellence in Singapore later this year, which will combine its innovation hub, cybersecurity capabilities, and AI expertise. The center will be Mastercard's largest innovation space in Asia Pacific. The developments reflect Mastercard's commitment to accelerating secure and transparent agentic commerce in the region.
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