Visa reveals that AI systems can now pay on behalf of human customers, but will the online gambling world buy?
South Africa – Visa, which offers card payment services to all major African banks, has unveiled bold artificial intelligence (AI) technology that allows people to fundamentally reshape their shopping, payment and payment online payment methods.
But innovation promises convenience for consumers, but it can raise eyebrows at online casinos, one of Africa's most heavily regulated sectors.
This week, Visa announced its move to the next digital payment frontier. Allows AI to make payments on behalf of human customers.
According to BusinessLive, Visa's Chief Product and Strategy Officer Jack Forshell said:
“These agents need to trust payments not only by users, but also by banks and sellers.”
Visa's new technology, called Visa Intelligent Commerce, allows AI agents to handle everything from planning their holidays to ordering their grocery, and now paying everything. This is the next leap in automation, moving beyond chatbots and voice assistants to fully agent AI, which can make autonomous decisions.
Impact on the online gambling sector in Africa
But in the world of online gambling where anti-money laundering (AML) laws and fraud detection protocols are fierce and ruthless, the idea that AI agents make deposits and withdrawals can cause pushbacks.
Casino operators may question whether such technology will know your customer (KYC) requirements, and whether it will pass regulations scrutiny, especially in African markets such as South Africa, Kenya, and Botswana.
This can cause more headaches than convenience as regulators are already cracking down on gambling ads and other related matters. As minor gambling and cybersecurity attacks are also steadily rising on the continent, payments for these AI-Agents can be problematic. How can casino operators detect minor gambling payments from AI agents? This requires a lot of thought in the future.
African Game Changer
Still, if AI can be integrated into a secure licensing platform, it could revolutionize the user experience. Instant top-ups, preset spending restrictions, and frictionless transactions can be very literally a game-changer for the booming African Igaming scene.
Boasted by a vast network of 14,500 banks and over 150 million merchants, Visa has placed a big bet that AI-driven commerce is not just a trend, but a transformational change.
The momentum cannot be denied as ChatGpt and other generator AI tools have gained evidence since the second half of 2022. AI is no longer just enhancing decisions, it's making them.
The question now is: Will online casinos in Africa allow AI at their front doors to highly compliant fortresses?