#United States #New York #Google #OnePay #Agent Payments

OnePay and Google: Pioneering the Future of Agentic Payments

In a groundbreaking development for the financial technology landscape, OnePay has officially announced its collaboration with Google's Agent Payments Protocol (AP2). This partnership is set to redefine how AI-driven, agentic payments function—making them not only more secure and transparent but also considerably more beneficial for consumers, merchants, and developers.

The Evolution of Payments with AI

The integration of artificial intelligence in daily commerce activities is rapidly changing the way individuals communicate, search for information, shop, travel, and manage their finances. Tasks that once consumed significant time and effort are gradually transitioning to AI agents that handle these processes more efficiently. With the horizon of AI handling a greater share of everyday transactions, there’s an emerging need for a reliable, user-friendly payment infrastructure that aligns perfectly with consumer intents.

Moe Matar, the Chief Technology Officer at OnePay, articulated the vision for a new payment ecosystem: "As AI begins handling more of the everyday work in commerce, consumers deserve a payments infrastructure that is fast, trustworthy, and aligned with their intent. AP2 is a major step toward that future, and OnePay is excited to help shape what comes next."

Clear Authorization and Safe Credential Use

Within the scope of this partnership, OnePay assumes the role of Credential Provider in the Agent Payments Protocol. The aim is to enhance how payment methods are safely stored, selected, and used by AI agents. Here’s how OnePay plans to achieve this:

1. Clear User Authorization: This feature expands support for user-defined constraints, such as spending limits, specific merchant rules, and reuse controls. Consumers will have a firmer grip on how and when their payment methods can be used.

2. Safe Credential Reuse: By enabling secure, permissioned access to various payment options, including credit cards, bank accounts, and digital wallets, OnePay ensures that users can transact without the need to re-enter their sensitive information frequently.

3. Smarter Financing Options: OnePay will provide AI agents with standardized financing options that users can easily compare. Payment structures like pay-in-4 or installments will come with transparent disclosures, making it easier to navigate various financing choices.

4. Support for Multi-Instrument Wallets: With provisions in place for AI agents to select the optimal payment method in real time, transactions will become not only smoother but also more secure, with minimal friction.

These advancements represent a significant leap toward ensuring that agent-led commerce remains firmly grounded in human intent and retains the essential element of user control.

About OnePay

Founded on the belief that enhanced financial management leads to improved life quality, OnePay offers an all-in-one financial services platform. Their diverse offerings range from banking services and high-yield savings accounts to credit cards and point-of-sale lending, allowing millions of consumers to manage their finances holistically in one place. Additionally, OnePay collaborates with employers, Human Capital Management providers, and gig platforms to deliver embedded financial services that benefit millions of employees and frontline workers.

As a financial technology company, OnePay stands separate from traditional banking systems. It offers loans via OneProgress Services LLC, holding the NMLS ID 2460509, and partners with Coastal Community Bank and Lead Bank for banking services, both of which are members of the FDIC. To learn more about their services and values, visit OnePay’s official website.