Mastercard Partners with Aave for Agentic Payments
Hey FinTech Fanatic!
On June 10, Mastercard rolled out Agent Pay for Machines (AP4M), an open protocol letting AI agents transact with each other directly. Every agent gets credentialed, spending limits get enforced automatically, and settlement runs across cards, accounts, or stablecoins.
Coinbase, Ripple, Polygon, OKX, Solana and Aave all signed on as launch partners.
Aave is using the moment to stake out a specific role: "credit layer for agentic payments."
Translation: Aave wants to be the overdraft facility for autonomous agents burning through thousands of micro-transactions a minute (buying API calls, compute, data) faster than any human-underwritten credit line could keep up.
Stani Kulechov, the Finnish lawyer-turned-developer who founded Aave, said that Aave supplies "the foundational credit layer and deep liquidity to optimize treasury capital at machine speed."
Mastercard is selling the rails here. An interesting story to watch is who actually builds the agent layer that runs on top of this.
See what else is shaping the FinTech industry. 👇See you tomorrow!
Cheers,
#FINTECHREPORT
📊 Revolut 2025 financial results. Revolut is increasingly evolving beyond the traditional FinTech label. With £4.5 billion in revenue, £1.7 billion in profit, 70 million users, and more than £50 billion in deposits, the company is scaling multiple revenue streams simultaneously across banking, wealth management, subscriptions, and payments. Read the full article here
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INSIGHTS
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PAYMENTS NEWS
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DIGITAL BANKING NEWS
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PARTNERSHIPS
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DONEDEAL FUNDING NEWS
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M&A
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MOVERS AND SHAKERS
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