Visa and Mastercard Join Rain’s Agentic Commerce Coalition
Stablecoin payments infrastructure company Rain has formed a group to promote agentic commerce development. The Agentic Payments Alliance (APA) was announced Tuesday (Aug. 18), listing Visa, Mastercard, Fiserv, Circle, Solana and Remitly among its founding members. “No single company should get to decide how agents transact on someone’s behalf. That has to come from the platforms building the…
Rain, a stablecoin payments infrastructure company, has formed the Agentic Payments Alliance (APA) to promote the development of agentic commerce. The APA, announced on August 18, includes founding members such as Visa, Mastercard, Fiserv, Circle, Solana, and Remitly. Farooq Malik, Rain's co-founder and CEO, emphasized the need for collaboration among various parties to shape the future of agentic commerce.
The APA aims to bring together those building the infrastructure for AI agents, including authorization processes, fraud detection, and loyalty rewards. Rain has been working on this for the past year, developing offerings like Agent Control Layer and Scoped Cards to provide agents with safe and limited payment credentials. The APA is a collective coalition, with members collectively setting its charter and mission.
The alliance will focus on shared research, emerging standards for AI agent identity and authorization, and advocating for regulatory issues in agentic commerce.
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