ET 16:03

Mastercard, Flybits, Rogers Bank Complete Canada's First Agentic Commerce Pilot

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Mastercard Inc. (MA), Flybits and Rogers Bank said Monday they completed Canada's first agentic commerce transaction, piloting an AI-powered shopping system built on Mastercard's Agent Pay framework. The companies did not disclose transaction volume or financial terms. The pilot demonstrates consumer-controlled, AI-driven purchasing, in which autonomous agents execute transactions on a cardholder's behalf under preset limits and permissions. The test signals early commercial groundwork in agentic payments, an area card networks are positioning as a new source of transaction volume. Mastercard has expanded its Agent Pay program as rivals Visa and American Express develop similar AI-agent payment standards. The announcement offered no timeline for a broader rollout in Canada.

EditorThomas Ho