UBS EMEA Payments Innovation Events Series "Pints & Payments - Agentic..."

Research evidence excerpt

UBS EMEA Payments Innovation Events Series "Pints & Payments - Agentic..."

Global Research

23 June 2026ab

UBS EMEA Payments Innovation Events Equities

Europe including UKSeries

Diversified Technology Services

Pints & Payments - Agentic Commerce with

Justin Forsythe, CPA

VGS, PSE Consulting, Ralio, and Juspay Analyst

justin.forsythe@ubs.com

+44-20-7567 4191

Mahir Bidani, ACA

Insights and discussion - Stablecoins and cross-border payments

Analyst

As part of out 'Pints & Payments' event series, we hosted a panel discussion with with mahir.bidani@ubs.com

Panelists Chuck Yu (VGS), James Lloyd (Juspay), Chris Jones (PSE Consulting) and Ghali +44-20-7568 3963

Bennani Laafiret (Ralio). The discussion explored the current state of agentic commerce Michael Briest

and agentic payments, with the debate focused on adoption, use cases, payment Analyst

infrastructure readiness, liability, tokenisation, stablecoins and likely winners and losers michael.briest@ubs.com

across the ecosystem. The discussion suggested that while agentic commerce remains at +44-20-7568 8367

a very early stage, investor relevance is high given potential implications for card

networks, PSPs, acquirers, wallets, fintech issuers, B2B payment providers and AI-native

software platforms.

1 Key Takeaway

Agentic commerce appears less likely to disrupt the payments infrastructure layer than

may have been feared initially, but more likely to accelerate the existing divide between

modern digital infrastructure and legacy payment platforms. The near-term opportunity

is concentrated in product discovery, B2B automation, tokenised credentials and

orchestration, while fully autonomous consumer payment execution remains

constrained by trust, liability, authentication and merchant readiness.

Broader industry context