Ant Group Chief Executive Officer and Alipay Chairman Han Xinyi outlined four models in the emerging global AI payments market, spanning stablecoin and wallet providers, payment infrastructure companies, card networks and AI platform firms. Crypto companies including Circle and Coinbase are using stablecoins and digital wallets to support automated machine-to-machine payments, while Stripe integrates AI into payment processing, Visa and Mastercard adapt card networks for AI-driven transactions, and Google and OpenAI embed payment functions in their AI ecosystems. Stablecoins’ programmability and 24/7 settlement suit autonomous agent payments, even as regulatory frameworks such as the EU’s Markets in Crypto-Assets regime and U.S. legislative discussions continue to take shape.