The demonstration took place on Sept. 23, 2026 at the Jio World Convention Centre, where Cruise Money introduced a virtual prepaid card issued by LivQuik Technology (India) Private Limited and built on API infrastructure supplied by M2P Fintech.

Unlike earlier “agentic” payment products that simply spend up to a user‑entered limit, Cruise’s card calculates a “Safe to Spend” figure in real time from a user’s income, recurring bills, EMIs, investments, emergency reserves and savings goals, then uses a single chat‑based consent flow to set a monthly budget, allocate money toward a goal and approve a mandate for the AI to act on the user’s behalf.

"The interesting question was never whether an AI could complete a payment. It was whether it should — and increasingly, how," said Vinay Bharathwaj, founder and CEO of Cruise Money. "Our card works out the budget from what’s actually in the account and then thinks like a good money manager, deciding when to use credit, when to use debit and when to hold back."

"As the regulated issuer behind this card, our focus is on making sure agent‑initiated payments are held to the same standard as any other transaction — the agent is certified, its intent is matched against authentication, and every action leaves an auditable trail," said Bhargav Padh, CEO of LivQuik Technology. He added that the partnership aims to embed safety, transparency and control into autonomous commerce.

"Agentic commerce represents the next major evolution of digital payments. As AI agents become trusted participants in commerce, the industry needs payment infrastructure that combines autonomy with safety," said Prabhu Rangarajan, co‑founder of M2P. He highlighted the demonstration as proof that regulated financial institutions, fintechs and technology providers can collaborate to make autonomous payments a reality.

During the showcase, the AI executed two distinct purchase journeys – a recurring everyday expense and a transaction toward a savings goal – both using the same user‑approved mandate. The system declined a purchase that would have jeopardised the user’s savings target, illustrating the built‑in guardrails.

The agentic card is still awaiting final regulatory approvals. Cruise Money plans a phased rollout to members on a waitlist once clearance is obtained, with multi‑source funding orchestration slated for a later stage.