Mastercard Forms OpenAI and Tencent Partnerships to Drive Agentic Commerce
By PYMNTS
AI summary of the source article
Mastercard has established a broad strategic partnership with OpenAI involving its Agent Pay platform. Mastercard CEO Michael Miebach stated that the collaboration spans payments, joint services growth, and artificial intelligence transformation.
Key facts
- Mastercard formed a strategic partnership with OpenAI that includes the use of Mastercard's Agent Pay.
- CEO Michael Miebach stated the partnership covers collaboration across payments, joint services growth, and AI transformation.
Source excerpt · PYMNTS
Lost in the recent earnings announcement from Mastercard was a broad strategic partnership with OpenAI that Mastercard CEO Michael Miebach said includes the use of his company’s Agent Pay and “goes well beyond.” “Our agreement establishes collaboration across payments, joint services growth and AI transformation,” Miebach said during the Thursday (Oct. 29) earnings call. Mastercard Agent Pay is th…