Bot payments lag in agentic commerce

Core Insights - The evolution of agentic commerce is dependent on advancements in trust, governance, interoperability, and identifying suitable use cases for AI-driven shopping and payment solutions [1][3] - A significant shift in payment and merchandising technology is anticipated as agentic commerce becomes more prevalent, similar to the transition seen when retail integrated with the internet [7][17] Industry Trends - The bifurcation of shopping and payment processes is expected to continue in the near term, with agentic commerce enhancing consumer research and planning capabilities [2] - Consumer behavior regarding AI tools is fluid, making it challenging to predict which protocols or AI providers will achieve widespread adoption [5] Market Opportunities - Approximately 81% of consumers are inclined to use agentic commerce tools, potentially impacting $1.3 trillion in spending [14] - The retail sales opportunity in the U.S. for agentic commerce could reach up to $1 trillion by 2030, with a global potential of $5 trillion [14] Technical Developments - Major players like Visa, Mastercard, Google, and PayPal are developing their own protocols to facilitate agentic commerce [10][11] - The existing payments infrastructure will face significant challenges as the customer evolves into an AI agent, necessitating new approaches for authorization and consent [20][21] Merchant Challenges - Merchants are confronted with various financial and technical issues, including initial investment costs and the management of agentic transactions within their existing payment systems [26][28] - Smaller merchants are exploring agentic commerce through gateways that allow them to segregate agentic transactions without overhauling their entire payment infrastructure [28]