Pine Labs’ new payment protocol: Soon, you may be able to let an AI agent shop and pay on your behalf
AI-summarised brief · reviewed before publication
Pine Labs has launched the Pine Labs Payment Protocol (P3P), a new payment infrastructure that enables artificial intelligence (AI) agents to complete Unified Payments Interface (UPI)-based transactions without real-time human authentication. The protocol extends UPI's mandate-based payment framework, allowing users to provide authorization in advance. P3P includes safeguards such as spending limits, audit trails, and the ability for users to modify or revoke permissions. The system is currently operational on UPI and is being tested in trials at Vijay Sales and live on digital gold savings platform Gullak.
💡 Why It Matters
- · The launch of P3P could revolutionize the way AI-powered commerce platforms operate, enabling end-to-end automated purchasing journeys.
- · By removing the authentication hurdle, P3P may unlock new use cases for AI agents in commerce, such as automatically purchasing products when prices reach a target level.