Visa and Revolut carry out passkey-based agentic payment in France

This news highlights a major shift in how customers will soon pay for goods and services using AI and biometrics. Visa and Revolut have successfully completed a transaction where an 'AI agent' made a purchase on behalf of a human. The system used a passkey—like a fingerprint or face scan—to authorize the payment without the user having to manually enter card details or click through a checkout screen. For retailers, this represents the next frontier of 'frictionless' commerce. As AI agents become more common on smartphones, they will be able to search for products and complete the entire buying journey autonomously. This test in France proves that the security infrastructure is ready for these automated transactions. If you operate an online store or use digital payment gateways, this technology will eventually mean higher conversion rates because the 'buy' decision happens instantly through the user's AI assistant. You won't need to worry about abandoned carts due to forgotten passwords or cumbersome forms. While this is currently in the pilot phase, the involvement of giants like Visa means agentic payments are likely to become a standard checkout option alongside BNPL and traditional credit cards in the near future.

Source: Finextra — Lending

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