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

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

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