PayPal Holdings (NASDAQ:PYPL) (NEOE:PYPL:CA) and Mastercard (NYSE:MA) are expanding their long-standing partnership with the integration of the latter’s agentic payments platform to PayPal’s wallet.
PYPL shares were +1.58% Monday pre-market to $70.87. MA stock was +0.23% to $575.00.
The integration of Mastercard Agent Pay into the payment giant’s wallet is expected to allow AI agents to complete transactions on behalf of PayPal users.
Mastercard will enable cardholders to access their credentials securely via PayPal checkout.
PayPal is set to pilot the Mastercard Agent Pay Acceptance Framework and partner to co-develop and test with agents and merchants in the market.
“As AI agents increasingly play a role in commerce on behalf of users, it is critical that merchants and small businesses also understand, trust and support these payments,” according to the October 27 statement from Mastercard.
“By bringing together Mastercard’s Agent Pay with our wallet, we are empowering merchants and consumers to participate in agentic commerce with trust and flexibility at the center,” said Michelle Gill, executive vice president, general manager – small business and financial services at PayPal.
The two companies are set to continue to work closely on a range of AI use cases as the agentic commerce landscape matures.