Rain Forms Agentic Payments Alliance to Guide the Future of Agent-Driven Commerce
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The rise of agentic commerce will reshape payment and commerce processes; businesses need to monitor related standards and infrastructure developments to seize future opportunities.
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- Hospitality TechnologyRain Forms Agentic Payments Alliance to Guide the Future of Agent-Driven Commerce
Rain, an enterprise-grade infrastructure for stablecoin-powered payments, announced the launch of the Agentic Payments Alliance (APA), a coalition of over 25 industry leaders including Visa, Mastercard, Fiserv, Circle, Solana, and Remitly. The alliance aims to guide the development of agentic commerce, addressing infrastructure needs like agent authorization, fraud detection, and loyalty transfer. McKinsey projects $3-5 trillion in global agentic commerce by 2030. Early work includes shared research, testing standards for agent identity and authorization, and regulatory advocacy.