Visa prepares South African banks for AI agent-powered autonomous transactions
By
Fanie van Rooyen
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Visa is preparing South African banks for AI-driven autonomous transactions through its Agentic Ready programme, enabling AI agents to shop and pay on behalf of consumers. The initiative is bolstered by Visa's deepening partnership with OpenAI. While local banks have been enrolled, none have gone live in South Africa yet. Visa's country head for South Africa, Lineshree Moodley, outlined the rollout at a media roundtable in Sandton, and the topic was further discussed at the Visa Payments Forum in San Francisco.
Key quotes
· 3 pulledVisa has enrolled local banks in its Agentic Ready programme, which prepares financial institutions to process fully autonomous AI-driven transactions
None has gone live in South Africa yet
A deepening global partnership with OpenAI has added fresh impetus to that effort
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