Ant Group collaborates with Visa and Mastercard to establish AI smart payment standards

According to CNBC, Ant International has launched a collaboration with Visa and Mastercard to establish a "Know Your Agent" (KYA) interoperability framework, which will set universal standards for AI agent identity recognition, verification, and transaction monitoring, allowing agents verified on one network to be used across ecosystems.

McKinsey estimates that by 2030, AI agents could participate in $30 trillion to $50 trillion in global consumer transactions.