Mastercard runs first live agentic payment in Singapore with DBS, UOB

Ride booking used tokenised credentials.

Mastercard said it has completed its first live, authenticated agentic transaction in Singapore with DBS and UOB.

The pilot used Mastercard Agent Pay, in which an AI agent completed a live ride-booking to Changi Airport via mobility provider hoppa, facilitated by CardInfoLink’s AI agent.

Mastercard said the payment used tokenised credentials and was authenticated with Mastercard Payment Passkeys for consumer verification and data protection.

It said Agent Pay assigns a Mastercard Agentic Token uniquely to each agent, requires explicit consumer consent, and uses Payment Passkeys to secure purchase confirmation.

Mastercard said it plans to expand secure agentic transactions to sectors including transportation, travel, entertainment, and retail.

The company linked the pilot to plans for a regional AI Centre of Excellence in Singapore, which it described as set to become its largest innovation space in the region, alongside deeper collaborations with large language model providers and dedicated regional teams.