Get the app →
BriefTea logoBriefTea

Every story in sixty words

Business · 1 hour ago

Ant International, Visa, Mastercard team up to develop standards on AI payments

Ant International, Visa, Mastercard team up to develop standards on AI payments

Fintech firm Ant International is working with Visa and Mastercard to create a new standard for payments made by AI agents. The collaboration aims to build trust and ensure safety, as AI agents are projected to handle trillions in global commerce by 2030. The companies will focus on common standards to link agents to valid entities and monitor their behaviour.

Reported by CNBC · How we write briefs

Get the app

More briefs

TechnologyUniversal Music launches AI platform for fan song remixes with ElevenLabs BusinessBarclays faces trial over £37m Ponzi scheme lawsuit BusinessHSBC shares fall after the bank announces finance chief Pam Kaur will retire BusinessSamsung to construct custom AI chip for OpenAI, expanding collaboration BusinessAmazon sells its first ever bonds in British pounds BusinessSilver Lake merges two software firms in £9.2 billion AI bet More business stories → Browse all stories →