Agentic Payments Need Clear Consent And Security Rules: Industry Leaders
· Business · Business Standard
Industry leaders have highlighted the need for explicit user consent frameworks and robust security rules to govern agentic payments. Agentic payments refer to systems where artificial intelligence agents autonomously initiate and execute financial transactions on behalf of consumers. Experts emphasize that clear regulatory guidelines, liability definitions, and risk-mitigation standards must be established before such automated payment systems are widely deployed. Establishing these safeguards is considered essential to maintaining consumer trust and preventing unauthorized automated transfers.
Why it matters
Establishing clear consent protocols will decide how safely AI-driven payment systems are integrated into digital banking and fintech platforms in India and globally.
Read the original report — Business Standard
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