Artificial intelligence (AI) is burgeoning, with new features being added every year. In countries like the UAE, AI has become a vital technology for providing better services to people. Building on the latest innovation, Dubai has introduced the world’s first AI-powered payment solution that uses voice commands.
In Dubai, the transaction process is finding new ways through a partnership between the payment processing network, Mastercard, and the business conglomerate Majid Al Futtaim. Introduced at the Dubai Future Forum, both prominent companies have launched Agent Pay, the AI-backed payment solution.
When the digital payment system arrived, it was quite easy to pay for products with a single tap or by just entering card details. Now, with Agent Pay, you just have to use your voice for payment. In simple words, AI agents make the payment on behalf of users. A simple and much easier process!
Mastercard, Majid Al Futtaim lead the future of shopping
Under the new initiative, the first purchase was made for two tickets to a horror movie through Majid Al Futtaim’s voice assistant chatbot. This eliminates the need for manually entering payment details or opening a new browser window to carry out payments.
The new venture comes as the UAE positions itself as a global leader in AI, fintech, innovation, and future technologies. In countries where regulations are severe on innovations, the AI sectors face slow growth. However, in the UAE, regulations are not curbing any innovation. The government has clear regulatory frameworks that promote innovation in AI, tech, and more.
The UAE is not only reshaping the future of shopping but also transforming the food industry, healthcare, travel and tourism, transportation, and other governmental sectors through AI and other technologies.
One thing is crystal clear: If the UAE adopts and embraces AI across more sectors of daily life, additional companies will move to the country to partner with governmental bodies and businesses, fostering growth.
