HSBC joins EPAA agentic AI working group as founding member
HSBC has joined the Emerging Payments Association Asia (EPAA) as a founding member of the newly launched AI & Agentic Payments Working Group. This initiative aims to set standards for agentic commerce in the Asia Pacific region, uniting banks, payment networks, fintechs, and technology platforms.
The working group seeks to address the challenges and opportunities presented by AI in payments, ensuring that agentic commerce can be implemented safely and effectively at scale. With HSBC’s involvement, the group aims to enhance the regulatory framework and technological standards necessary for the widespread adoption of these advanced payment solutions.
Key takeaways
- ▸HSBC is a founding member of the EPAA's AI & Agentic Payments Working Group.
- ▸The group focuses on defining standards for safe and scalable agentic commerce in APAC.
- ▸It includes participation from banks, fintechs, and technology platforms in the region.
- ▸The initiative is positioned to address regulatory and technical challenges in AI payments.
Why this matters
HSBC's involvement in the EPAA's working group positions it as a key player in shaping the future of AI-driven payment solutions in the Asia Pacific region. This collaboration may give HSBC and other participants an edge in adapting to regulatory changes and technological advances, potentially setting a precedent for how agentic commerce evolves in both terms of compliance and innovation.
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