V · Earnings call · 2026Q3T · Full report

Agentic Commerce Infrastructure

VISA INC. · 2026-10-27 · Importance null · Surprise 82

Visa said it had nearly 50 AI partners live in production, including Shopify's Shop Pay, and expected that number to double in the coming months. It is collaborating with Anthropic to connect its commerce blueprints to Visa's merchant network, while Ramp's agentic bill-pay use case is generally available and Airwallex, BILL, and Billtrust are testing or piloting related capabilities. Visa Intelligent Commerce uses credentials, agentic tokens, transaction identifiers, an agent directory, and authenticated purchase intent to establish trust and support transaction resolution. Management emphasized that adoption and transaction volumes remain early and small relative to Visa's overall business, although it sees potential incremental opportunities in agentic commerce and machine-to-machine payments.

Key facts

• Visa had nearly 50 AI partners live and in production, including Shopify's Shop Pay, and expected the number to double in the coming months.
• More than 60% of Visa's global product development and engineering teams had adopted its agentic toolchain, with a goal of reaching 100% in 2026.
• Visa's OUSD enablement on the Visa Stablecoin Platform was designed, built and shipped in 7 weeks by 12 people using its agentic toolchain.
• Visa is collaborating with Anthropic to bring its commerce blueprints to Visa's merchant network.
• Ramp's agentic bill-pay use case became generally available, and Visa Intelligent Commerce is being used by Ramp businesses to automate bill payments.
• BILL's payment agent is piloting Visa Intelligent Commerce to pay invoices, and Billtrust's supplier portal will identify the agent and accept payment.
• More than 50% of Visa's available credentials are tokenized, more than double the level five years earlier; Visa processed a tokenized transaction in 200 countries and territories for the first time in 2026, and more than 60% of its e-commerce transactions are tokenized.
• Airwallex is testing Visa Intelligent Commerce-enabled credentials and integrating them into its Airi wallet.