, Singapore
597 views
Photo by DC Studio from Freepik.

DBS pilots Visa Intelligent Commerce for agent-initiated payments

Pilot tests AI agents completing everyday purchases using issuer-controlled payment flows.

DBS has become the first issuer in the Asia Pacific to pilot Visa Intelligent Commerce, advancing real-world agent-initiated payments using AI agents.

The joint pilot with Visa aims to enable safe, transparent, and consent-driven payments by AI agents on behalf of consumers, using Visa’s secure infrastructure, integrated application programming interfaces, and partner programme.

The banks plan to expand trials to other use cases such as online shopping and travel bookings.

The study also found that eight in 10 Singapore consumers rely on AI assistance when shopping online.

As part of the pilot, DBS is validating AI-ready credentials, advanced authentication, and intent-driven transaction controls to support secure and scalable agent-led commerce. 

Join Asian Banking & Finance community
Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Bank of Singapore closes data centre fund following high demand
BOS said that it was amongst its most successful closed-ended offerings in years.
PBCOM names two branch banking heads
President and CEO John Ong has been approved as a full member of the trust committee.
Retail Banking
Maybank launches ringgit account for Singapore corporate clients
Maybank has seen growing demand for cross-border banking services since the launch of the JS-SEZ.

Exclusives

KB Bank wants a place in your shopping cart
It is expanding offers through e-commerce platforms and Korean beauty clinics.
Banks told to stop playing Gen Z card
Complicated reward schemes and spending conditions can erode card benefits.