A Canadian financial technology firm has completed an agentic-commerce proof of concept.
Montreal’s Nuvei this week announced the proof of concept alongside payments titan Visa, merchant technology provider Arvato Systems, and fashion brand Kings and Priests.
In the transaction, a merchant’s AI agent initiated a product purchase on a shopper’s behalf and paid inside the agent, with no hand-off to a separate payment flow, according to a statement from the firm.
Payments settled on live Visa rails using a tokenized Visa credential within Visa Intelligent Commerce, governed by shopper-set guardrails.
The proof of concept establishes a proof point for Nuvei Agentic, a protocol-agnostic execution layer any AI agent can call to pay, according to Phil Fayer, chief executive officer of Nuvei.
“Agentic commerce is the next evolution of digital commerce, with AI not just finding products but initiating purchases,” suggests Fayer. “This proof of concept starts inside a merchant’s own experience and points to where payments are heading: a layer that lets any agent, on any protocol, make a payment.”
Agentic commerce is projected to drive $1 trillion in global transaction volume by 2030 and up to $5 trillion by 2035 according to a forecast from McKinsey.
Visa is “extending existing capabilities, including tokenization and network-level controls, to enable agent-initiated payments in a trusted and consistent way,” says Mathieu Altwegg, Head of Product & Solutions for Visa Europe. “This proof of concept shows how those foundations can support new experiences today, with authentication continuing to evolve as the model scales.”
The proof of concept “shows how the payments ecosystem can enable AI-driven purchasing while preserving trust, control, and transparency,” commented Carsten Bruning, Vice President Digital Commerce at Arvato Systems. “With Visa and Nuvei, we validated interoperability across the flow and proved that payment can complete inside the agent rather than on the merchant site.”
Ralph Hürlemann, Founder of Kings and Priests, described the test as “a firsthand look at how agentic commerce can open new channels for digital retail.”
Nuvei is targeting initial availability for its agentic commerce solution by the end of the year.
“Merchants need one place that connects them to every agent, protocol, and network while keeping them in control,” stated Fayer.
Nuvei was founded in 2003, with the platform today reaching 150 countries and 700 alternative payment methods. The company recently acquired New York’s Payoneer for US$2.75 billion.
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