Mastercard has announced the completion of its first live, authenticated agentic payment transaction in Singapore, carried out in partnership with DBS and UOB, two of Southeast Asia's largest banks.

Transaction Details

In the demonstration, an AI agent booked a ride to Singapore's Changi Airport through hoppa, a global mobility provider. The booking was facilitated by CardInfoLink's AI agent, which connects to hoppa's taxi and airport limousine network. The backbone of the transaction is Mastercard Agent Pay, Mastercard's framework for secure AI-initiated purchases.

Each transaction under Agent Pay uses a Mastercard Agentic Token, uniquely issued per agent. Consumer consent is explicitly captured, and purchase confirmation is secured through Mastercard Payment Passkeys. Tokenized credentials, authenticated with these passkeys, ensure strong consumer verification and data protection.

Implications and Future Prospects

This transaction represents a milestone in the evolution of agentic payments. Mastercard, DBS, and UOB have demonstrated a complete, end-to-end agentic payments chain: an AI agent that perceives a need, selects a service, initiates a financial transaction, and completes it – all without human intervention. Mastercard plans to expand Agent Pay use cases across transportation, travel, entertainment, and retail sectors, where payment automation can significantly reduce friction.