Pine Labs launches P3P agentic payments protocol on UPI; Vijay Sales, Gullak pilot autonomous AI transactions
Pine Labs' P3P lets AI agents transact on UPI within preset mandates. Vijay Sales is piloting price-triggered buys; Gullak is live for gold purchases (e.g. Rs 500 at Rs 16,000/gram). Raises open questions on RBI's AFA rules above Rs 15,000, liability allocation, privacy and stablecoin oversight.
Pine Labs launched P3P, an agentic payments protocol on UPI letting AI agents transact autonomously within preset mandates. Vijay Sales is piloting it for price-triggered purchases; Gullak is live. Raises RBI authentication, liability, privacy and stablecoin regulatory questions.