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.
What happened
Pine Labs launched P3P, an agentic payments protocol on UPI letting AI agents transact autonomously within preset mandates. Vijay Sales is piloting it for
Key facts
- Rs 15,000 AFA threshold
- Rs 500 gold buy example
- Rs 16,000 per gram
Why this matters
Scout partnerships or stakes in agentic-payments enablers and compliance wrappers before RBI guidance on AFA, liability, and stablecoin oversight reprices the space.