Pine Labs launches P3P to let AI handle UPI purchases
Technology
Pine Labs just rolled out the Pine Labs Payment Protocol (P3P), which Pine Labs says is India's first payment system where AI agents can handle your transactions for you: after the user authorizes a one-time mandate.
Built on UPI, P3P lets you set conditions (like a target price), and the AI will negotiate and complete purchases without further user intervention, even scoring deals for gadgets at places like Vijay Sales.
Pine Labs keeps users in charge
You stay in charge with features like spending limits, ID checks, and audit trails to track what your AI agent is up to.
Pine Labs calls this "agentic commerce," aiming to make digital payments faster, smarter, and way more convenient for everyone.