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Still, the push for stablecoin cards could present a threat to banks, which play less of a role and get less money from stablecoin-based transactions than they do from traditional debit card payments. Merchants pay the same fees they normally do, but they like stablecoin transactions because the money arrives faster.

For Visa and Mastercard, “where stablecoins really matter is it changes the post-transaction plumbing more than anything else,” something consumers aren’t aware of, said James Wester, co-head of payments at Javelin Strategy.

From: Visa and Mastercard Are Moving Fast Into Stablecoins — The Information.

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“We are considering options like a digitally enabled physical alternative for those without access to technology, as well as in-person onboarding support for those who struggle to engage digitally,” he said. “This may include Post Offices but that decision has not yet been made and will depend on several different factors.”

From: Government ‘considering physical alternatives’ for those unable access digital ID – PublicTechnology.

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Apple today announced the launch of Digital ID, a new way for users to create an ID in Apple Wallet using information from their U.S. passport, and present it with the security and privacy of iPhone or Apple Watch. At launch, Digital ID acceptance will roll out first in beta at TSA checkpoints at more than 250 airports in the U.S. for in-person identity verification during domestic travel, with additional Digital ID acceptance use cases to come in the future.
Digital ID gives more people a way to create and present an ID in Apple Wallet even if they do not have a REAL ID-compliant driver’s license or state ID. Digital ID is not a replacement for a physical passport, and cannot be used for international travel and border crossing in lieu of a U.S. passport.

From: Apple introduces Digital ID, a new way to create and present an ID in Apple Wallet – Apple.

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Three Core Functions in the National Payment System
According to the BSPI 2030 document, Payment ID serves three main roles:

As a key identifier of actors in the payment system,

As a means of transaction data authentication, and

As a granular link between individual profiles and financial activity.

With the launch of Payment ID, Bank Indonesia aims to create a national payment system that is more efficient, transparent, inclusive, and trusted reinforcing the nation’s digital financial infrastructure for the future.

Based on the National Identity Number (NIK), this system enables full integration and transparency of individual financial activities, ranging from bank accounts to digital loans. In addition to simplifying credit applications and financial assessments, Payment ID also strengthens privacy protection through a user consent mechanism. This initiative serves as a foundation for building a safer, more inclusive, and more efficient digital financial ecosystem in Indonesia.

From: Bank Indonesia Launches Payment ID to Integrate and Detect Financial Profiles Starting August 2025 – Intimedia.

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Apple today announced the launch of Digital ID, a new way for users to create an ID in Apple Wallet using information from their U.S. passport, and present it with the security and privacy of iPhone or Apple Watch. At launch, Digital ID acceptance will roll out first in beta at TSA checkpoints at more than 250 airports in the U.S. for in-person identity verification during domestic travel, with additional Digital ID acceptance use cases to come in the future.
Digital ID gives more people a way to create and present an ID in Apple Wallet even if they do not have a REAL ID-compliant driver’s license or state ID. Digital ID is not a replacement for a physical passport, and cannot be used for international travel and border crossing in lieu of a U.S. passport.

From: Apple introduces Digital ID, a new way to create and present an ID in Apple Wallet – Apple.

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Having announced in September that the use of a state-issued digital identity will be mandatory for employment checks by 2029, government will shortly “launch a full public consultation on the design of the new digital ID, and have already started to engage with a range of expert organisations”, on issues of digital exclusion, according to Josh Simons, a junior minister at the Cabinet Office.

From: Government ‘considering physical alternatives’ for those unable access digital ID – PublicTechnology.

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Having looked into biometrics for age checks in 2024, the government’s Ministry of Digital Development, Communications and Mass Media proposed to expand the range of services available through its Gosuslugi mobile biometrics app, allowing users to verify their age with the app when purchasing energy drinks. This is set to expand to alcohol purchases by the end of 2025.
Now, a report from Izvestia says that Russian bank VTB recently introduced a terminal allowing for age verification through biometrics and without the need for identity documents. The age verification process “takes place using the NSPK biometric services platform and the Center for Biometric Technologies (CBT) Unified Biometric System (UBS).”
Customers of Russian banks who have registered in the UBS and linked a bank card or an online banking account in the SBPay application will “have access to payment for goods without a passport.” According to the CBT, as of the beginning of August 2025, more than 7 million people are registered in the UBS.

From: Russian bank VTB rolls out biometric terminals for retail age verification | Biometric Update.

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A Russian-speaking threat behind an ongoing, mass phishing campaign has registered more than 4,300 domain names since the start of the year… Of the 4,344 domains tied to the attack, 685 domains contain the name “Booking”, followed by 18 with “Expedia,” 13 with “Agoda,” and 12 with “Airbnb,” indicating an attempt to target all popular booking and rental platforms.

From: Russian Hackers Create 4,300 Fake Travel Sites to Steal Hotel Guests’ Payment Data.

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Both emerging and legacy players are investing in innovative solutions for merchants and customers. In September 2025, Google launched AP2,9 a significant change for agent-led transactions. This secure, open standard is backed by industry leaders such as Mastercard, PayPal, American Express, Adobe, and Alibaba. It ensures trust through cryptographically signed mandates, which provide verifiable and auditable processes, a cornerstone for building trust in agentic commerce.

Meanwhile, payment industry leaders are pursuing parallel innovations. Mastercard is developing its Agent Pay solution, and industry groups are working to extend Worldwide Web Consortium (W3C) verifiable credentials into payments. At the same time, Visa is positioning its global network as the backbone of agentic commerce. In partnership with AI platforms such as Anthropic, IBM, Microsoft, Mistral AI, OpenAI, Perplexity, Samsung, and Stripe, Visa is piloting transactions where AI agents can spend on behalf of users within preset budgets and consent parameters.10 Visa has also launched AI-ready cards, which replace static-card details with tokenized digital credentials—enabling merchants to verify that a consumer’s agent is truly authorized to act on their behalf.

The catalyst for this new form of commerce is found not only in established players but also in breakthrough innovation from start-ups in Silicon Valley and beyond. One example is Skyfire, which recently launched Agent Checkout, powered by a protocol dubbed KYAPay—an open standard that equips AI agents with verified identities and programmable payment capabilities, facilitating identity verification, auditability, spend control, and reputation tracking. Compatible with existing authentication systems, APIs, and MCP servers, Skyfire has onboarded partners like APIFY, BuildShip, CarbonArc, and Forter,11 supporting seamless monetization and agent interaction through standardized tools.

From: Agentic commerce: How agents are ushering in a new era | McKinsey.

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In addition to opening new opportunities, agentic commerce also presents novel risks, especially regarding customer trust and relationships. The following questions can help leaders understand the potential risks they might face.

Consumer trust. How can your business earn and preserve consumer trust when delegating decisions to autonomous agents? Clear communication, transparency, explainability, and human override features can help build confidence, but local culture influences both trust and adoption.

Trust transferability. Will consumers trust agents simply because of the brands deploying them? Understanding the limits of brand halo effects, and knowing when users need proof of safety, reliability, or explainability, will be essential.

From: Agentic commerce: How agents are ushering in a new era | McKinsey.

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