Visa integrates payment network into ChatGPT for AI-powered autonomous shopping and transactions

Visa, one of the world's largest digital payment platforms, announced this week that it has embedded its payment network into ChatGPT, enabling the chatbot to shop and complete transactions independently.

It means the AI agent, owned by OpenAI, will be capable of recommending products for purchase and completing transactions on the user's behalf, potentially at any vendor that accepts Visa.

Previous attempts to integrate its payment network into an AI platform have been limited to a single merchant or a set of enrolled participants.

Visa says the feature will include spending limits and mandatory approval procedures, and that the agent will only be permitted to use customers' cards at approved retailers.