Mastercard runs first live agentic payment in Singapore with DBS, UOB

Ride booking used tokenised credentials.

Mastercard said it has completed its first live, authenticated agentic transaction in Singapore with DBS and UOB.

The pilot used Mastercard Agent Pay, in which an AI agent completed a live ride-booking to Changi Airport via mobility provider hoppa, facilitated by CardInfoLink’s AI agent.

Mastercard said the payment used tokenised credentials and was authenticated with Mastercard Payment Passkeys for consumer verification and data protection.

It said Agent Pay assigns a Mastercard Agentic Token uniquely to each agent, requires explicit consumer consent, and uses Payment Passkeys to secure purchase confirmation.

Mastercard said it plans to expand secure agentic transactions to sectors including transportation, travel, entertainment, and retail.

The company linked the pilot to plans for a regional AI Centre of Excellence in Singapore, which it described as set to become its largest innovation space in the region, alongside deeper collaborations with large language model providers and dedicated regional teams.

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia