Blog

Agentic payments are quickly becoming a transformative force in finance and technology. As AI-driven tools evolve from passive assistants to autonomous agents, the concept of agentic payments, where AI can initiate and execute financial transactions, is rapidly gaining serious traction.

As digital payments continue dominating the global economy, secure transaction methods are more critical than ever. One powerful solution driving this security shift is the token service provider (TSP).

Whether you're building a new AI agent or are a payments AI enabler looking to optimize your payments processes in agentic commerce, this toolkit combines essential VGS products in one package.

Understanding digital payments is crucial in today's fintech world. Two key terms you might encounter, especially within the realm of mobile wallets like Apple Pay and Google Pay, are DPAN (Device Primary Account Number) and MPAN (Merchant Primary Account Number).

In order for agentic commerce to truly scale, the payment experience has to be seamless for the consumer on the frontend and scalable for any merchant or platform on the backend.

Agentic commerce represents a transformative opportunity for companies poised to usher in the next era of e-commerce by using conversational AI. Especially when it comes to the payment process of agentic commerce.

The last few months have been a whirlwind of activity in the AI realm, with agentic commerce being a hot topic. We’re starting to slide towards calling this agentic payments, where agentic (being capable of acting independently) is really just a fancy word for an AI model acting on behalf of a user.

Agentic commerce is a term we have been using a lot lately at VGS. But what does agentic commerce mean? How do payments fit into the agentic commerce space? We broke it down for you so you can better understand agentic commerce as a whole and where payments fall into the AI commerce landscape.

AI is clearly mainstream. The skyrocketing user growth on the big AI platforms, the threat to Web 2.0 household names like Google and Meta, the roller coaster of the AI chip makers: AI has filled headlines for a few years now.

Today, one of the biggest payment challenges that exists is solving the last-mile of a purchase made using an AI agent. In agentic commerce, a truly universal platform needs to ensure a consumer can buy any product, from any merchant, using any payment method – and VGS has one of the only platforms that can make this possible.