Visa launches AI-powered commerce initiative

It is working with Ant Int’l, Grab, and Tencent to enable an AI-powered checkout experience.

Visa has launched the Visa Intelligence Commerce, an initiative that opens its payments network to developers and engineers for an AI-powered commerce in the Asia Pacific.

It offers a suite of APIs and a commercial partner programme to AI platforms. Developers can deploy Visa’s AI commerce capabilities.

The global payments network will work with Ant International, Grab, and Tencent to grow AI commerce by enabling a ‘secure and seamless’ checkout experience, according to a press release.

“We believe AI agents will play a growing role in commerce, from handling routine purchases such as ordering food, to more complex purchases such as securing event tickets or making travel reservations,” said T. R. Ramachandran, head of products and solutions, Asia Pacific, Visa.