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Competitor Leaderboard Prepared for Mastercard Contents 1.1Why Read This Report.............................................................................................2Figure 1:Juniper Research Competitor Leaderboard: Agentic CommercePayments Infrastructure Vendors...............................................................................31.1.1 Mastercard....................................................................................................4Table 2: Juniper Research Competitor Leaderboard Heatmap: Mastercard..........4i. Corporate....................................................................................................4Table 3: Mastercard’s Financial Snapshot ($m), 2023-2025....................................4ii. Geographical Spread.................................................................................4iii. Key Clients & Strategic Partnerships......................................................5iv.High-level View of Offerings....................................................................5 KeyAgentic CommerceMarket Takeaways: 1.1Why Read This Report TrustIs the Primary Adoption Constraint This report analyses several key vendors in theagentic commerce space. This is a high-potentialarea of the market, driven by increased usage of AIby consumers and further trust in autonomous AIusage. There are several established AI agentproviders, aswell as other entities in the market,aiming to capitalise on the revenue streams of thissubject in multiple areas. Thisincludessubscription Agentic commerce will not beconstrained only by technical capability, but also by trust levels. Grantingautonomous systems financial authority introduces serious risk, and a single unwanted transaction willcolour user perception,even if it happens amongst several successful ones. As a result, tolerance for erroris significantly lower than in recommendation-based AI systems. Adoption is therefore likely to begin in Vendors are likely to respond to this demand for trust by introducing gradual autonomy models, whereagents initially act with stricter boundaries such as tight spending caps and narrow product categoriesoffered. Early market leaders can be expected to introduce reliability metrics and dashboards to merchants Infrastructure and API Enablement Key for Market Access Juniper Research is a Europe-based provider ofbusiness intelligence. We specialise in providinghigh-quality data and fully researched analysis tomanufacturers, financiers, developers,andservice/content providers across the communication Agentic commerce transforms product discovery to be based around accessing tagged product data,ratherthan manual human parsing of information. This advantages merchants with extensive APIs, standardisedproduct data, and platform integrations. Larger brands are currently better positioned to participate inagentic commerce,and can afford the risk that it is adopted slower with longer potential payoffs. Without eCommerce platform providers are well positioned to act as middlemen for smaller merchants, withexisting merchant toolingthatcan be further developed to allow access to agentic commerce for all partieswhich want to be included. Agent developers may face pressure to support multiple data collectionmethods rather than reliance on API keys, as otherwise the market may become biased towards larger AgenticCommerce Payments Infrastructure Vendors 2026 Mastercardhas been recognisedby Juniper Researchas the number oneranked vendor within the agentic commerce payments infrastructure Mastercard’s deepest advantage is its global acceptance infrastructure, incombination withthesignificant milestonesitachieved in the early agenticcommerce market;such as Europe’s first live end-to-end paymentexecuted by an AI agent. US cardholders can already use Agent Pay, with a Mastercardis tackling a key challenge around trust within agenticcommerce with itsVerifiable Intent feature, created in partnership with 1.1.1Mastercard i.Corporate Mastercard is a global technology company in the payments industry,founded in1966 in New York. The company evolved from a bank-owned association into a Mastercard is led by Michael Miebach as CEO, with Ed McLaughlin as President andCTO. Pablo Fourez, Chief Digital Officer, oversees Agent Pay and related protocols. For the fiscal year 2025, Mastercard reporteda significant year-on-year increase inrevenue, up by 16%,alongside the same percentage growth for net income.Its gross ii.Geographical Spread Mastercard operates in over 210 countries and territories with a network whichprocesses billions of transactions annually. The company has regional headquarters capabilities; introducing ‘Mastercard Agentic Tokens’ for agentic commerce. Thesetokens can extend existing payment capabilities to AI agents, with Mastercard aiming in Dubai, New York, Miami, Singapore, and Belgium,with offices and tech hubs Mastercard’s Agent Pay is most active in North America and