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Visa intends to grant AI 'agents' access to your credit card details.

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Visa intends to grant AI 'agents' access to your credit card details.

🤖 AI Shopping Agents Takeover: Visa teams up with top AI chatbot developers like Anthropic, Microsoft, OpenAI, and Perplexity to integrate their systems with Visa's payments network.

This groundbreaking collaboration aims to outsource everyday shopping tasks to AI bots, enabling users to set preferences and spending limits while the AI agents scour the net for products and complete purchases.

The AI-driven shopping assistant could soon make managing mundane shopping tasks as easy as sending a message. Moreover, this partnership could provide a much-needed boost to emerging AI companies as they vie for a piece of the digital commerce market, traditionally dominated by giants like Amazon and Google.

"We think this could be really important, transformational even," said Jack Forestell, Visa’s chief product and strategy officer. "The payments problem is not something the AI platforms can solve by themselves. That's why we started working with them."

The Challenges of Agentic AI

While the tech sector has shown the potential of "agentic" AI, most applications remain experimental and not yet available to the public. Most agentic AIs are based on large language models that can help users with various tasks, such as writing emails or summarizing documents, but struggle with payments.

Visa sees itself as a key player in giving AI agents easier and more trusted access to cash for purchases, addressing a critical obstacle for agentic AI's future development.

The Future of Digital Payments

The new AI initiative follows on the heels of Visa's announcement of major changes to credit and debit card operations in the US, making digital payment systems like Apple Pay a more practical alternative to physical cards. With a consumer's consent, AI agents could tap into data about past credit card purchases to offer more personalized recommendations.

While AI agents might not completely replace the shopping experience for everyone, they could prove handy for routine errands or complicated tasks like travel bookings. For high-end purchases and entertainment, users may still crave the traditional shopping experience, with AI agents offering guidance from the background.

As the AI agents become more autonomous, they could help manage spending by adhering to strict user-defined limits, offering a more controlled approach to shopping and potentially reducing credit card debt.

So, get ready to let the bots handle your shopping, from grocery runs to holiday gift lists!

  • Is AI Creeping Closer to Beating Human Intelligence?
  • The Rise and Rise of Digital Payments
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🔗 Sources:[1] TechCrunch. (2025, May 5). Visa partners with select AI developers to give chatbots quicker access to the cash they need to make purchases. [link][2] Bloomberg. (2025, May 4). Visa to Partner with AI Companies to Enable AI Agents to Manage Spending. [link][3] Reuters. (2025, May 5). Visa Works with AI Companies to Integrate Chatbots into its Payment Network. [link][4] The Verge. (2025, May 5). Visa and Microsoft Join Forces to Train AI Agents on How to Buy Stuff. [link][5] Financial Times. (2025, May 5). Visa Teams Up with AI Firms to Enable Agents to Handle Consumer Spending. [link]

  1. Visa, in collaboration with AI chatbot developers such as Anthropic, Microsoft, OpenAI, and Perplexity, aims to provide AI agents with easier and more trusted access to cash for purchases, thereby addressing a critical obstacle for the development of agentic AI.
  2. The new AI initiative by Visa has the potential to revolutionize personal-finance management, as AI agents could tap into data about past credit card purchases to offer more personalized recommendations and help manage spending by adhering to strict user-defined limits, potentially reducing credit card debt.
  3. The collaboration between Visa and various AI companies could pave the way for the future development of technology in the finance and artificial-intelligence sectors, providing a much-needed boost to emerging companies as they strive to make a mark in the digital commerce market.
  4. With the integration of AI agents into Visa's payments network, managing mundane shopping tasks could soon become as simple as sending a message, making the shopping experience more streamlined and efficient through the use of chatbots and AI technology.
Anticipated housing market softness May lead to increased purchases this summer, boosted by potential additional Bank of England interest rate reductions, fuelling a surge in buying activity.
Anticipated housing market moderation coincides with an uptick in purchasing activity as summer approaches, bolstered by potential additional Bank of England interest rate reductions.
Anticipated housing prices softening may stimulate increased buying momentum as summer arrives, potentially bolstered by predicted additional Bank of England interest rate cuts.

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