AI Will Handle Your Purchases Soon | Raleigh News

0:00By 2030, more than 300 million people worldwide could be using AI agents to handle their online shopping and payments. That's a huge shift from how we do things now, where we're usually the ones picking the card. This report suggests that things like groceries, medicine, and subscriptions will be some of the first purchases handed over to these AI assistants. Now some folks think that 2030 timeline might actually be a bit slow. This report from Morgan Stanley indicates that a significant chunk of Americans have already used AI to make purchases, especially for everyday items. The real question is, how quickly we'll go from just using AI for suggestions to letting it fully manage our transactions and payments. One payment executive believes massive adoption could start even sooner, maybe around 2028. His reasoning is that these AI agents are being built right into the apps and devices we already use daily, like our phones and banking apps. Think about how tap-to-page is showed up on phones, without us needing to download anything

1:02new. It's that kind of seamless integration that could speed things up. This whole AI shopping trend could really shake up how credit card rewards work. Right now, banks compete to be your default card. But when an AI is comparing every single option for every purchase, looking at cashback, fees, and exchange rates, the old loyalty programs might lose. Their edge, the focus will shift to pure value and efficiency. However, not everyone is convinced it's happening that fast. Some leaders in the payments industry point out that while people are using AI to research products, they're still completing the final purchase. Themselves, it seems like the move to fully autonomous payments is still a little ways off, even though AI is clearly changing how we shop online. Rally news today, powered by AI bringing you what matters.