// GLOSSARY -- PAYMENTS & FINTECH
What is Mastercard Agent Pay?
Mastercard's agentic payments system that issues network-level agentic tokens to AI agents, enabling them to initiate and complete card transactions within policy-defined boundaries.
WHY IT MATTERS
Mastercard Agent Pay is the first major card network implementation of agent-initiated payments. It issues scoped tokens to verified agents, enabling them to make purchases on traditional card rails with built-in spending controls.
This signals that agentic payments are moving from crypto-native experiments to mainstream financial infrastructure.
HOW POLICYLAYER USES THIS
PolicyLayer's spending controls complement Mastercard Agent Pay by adding application-level governance on top of network-level controls.