支付行业：智能支付新规落地，路径延续旧轨-Technology - Payments-Agentic Payments New Rules, Same Rails

January 29, 2026 05:44 AM GMT Technology - Payments Agentic Payments: New Rules, Same Rails Agentic Commerce represents a ~$192bn GMV opportunity by 2030e, expanding the online payments TAM while making trust a key bottleneck. Differentiation shifts to identity, fraud detection and optimisation as complexity rises. Adyen, Mastercard and Visa the key volume beneficiaries, in our view. We think Agentic Commerce represents the next great shift in online shopping: a world where agents don't just help with disco ...