Google Unveils Agent Payments Protocol for Secure AI Transactions
Google has unveiled the Agent Payments Protocol (AP2), an open standard designed for secure, AI-driven transactions. The protocol is launching with broad industry participation, counting over 60 major companies from finance, technology, and security sectors.
AP2 enables AI agents, such as chatgpt and gemini, to handle payments securely using Intent and Cart Mandates, with user authorization. These Mandates are digitally signed contracts confirming a user's intent for purchases and payments. The protocol supports a wide range of payment methods, including credit cards, stablecoins, and real-time bank transfers, creating a unified protocol for transactions.
Google has published specifications, documentation, and sample implementations of AP2 on its public GitHub repository. The company has been joined by a diverse group of over 60 organizations in developing this standard, including Adobe, Mastercard, PayPal, Coinbase, Salesforce, and many others. AP2 supports both real-time and delegated transactions, with detailed conditions set by the user.
Google's Agent Payments Protocol (AP2) is poised to revolutionize AI-driven transactions. With its wide range of supported payment methods and broad industry support, AP2 aims to create a secure and unified standard for AI agents, such as chatgpt and gemini, to handle payments. The protocol's open nature and detailed documentation encourage further adoption and development.
