1 week ago
Cruise Money Unveils India’s Agentic Card for AI Payments
Cruise Money showed a new card that uses artificial intelligence to help manage money.
A user can tell the AI what they want to buy or save for in a chat.
The AI calculates how much money is safe to spend after considering bills, savings, and other commitments.
The user approves the rules once, including the amount and types of purchases allowed.
The AI can then make approved purchases, such as groceries, subscriptions, flights, or hotels.
It must stop if a purchase would interfere with a savings goal.
LivQuik will issue the virtual prepaid card, and M2P Fintech will provide the technology infrastructure.
The card cannot launch publicly until it receives regulatory approvals.
Cruise Money previewed an AI-powered virtual prepaid card at Global Fintech Fest 2026 in Mumbai.
The card calculates a user’s “Safe to Spend” amount using income, bills, EMIs, investments, savings, and financial goals.
After one chat-based approval, the AI agent can plan and execute purchases within user-defined limits and guardrails.
LivQuik Technology will issue the card, while M2P Fintech provides its API infrastructure.
The card is awaiting regulatory approvals, with phased access planned for waitlist members.
- Who
- Cruise Money, with LivQuik Technology as issuer and M2P Fintech as technology partner.
- What
- A preview of an AI-driven virtual prepaid card that can decide and execute purchases within user-approved limits.
- Where
- Jio World Convention Centre in Mumbai, Maharashtra, India.
- When
- The card was showcased on September 23, 2026, at Global Fintech Fest 2026.
- Why
- To allow an AI money companion to manage spending and payments while following user-set budgets, goals, and safeguards.
Key facts
- Product
- An agentic virtual prepaid card connected to Cruise Money’s AI money companion.
- Issuer
- LivQuik Technology (India) Private Limited.
- Technology partner
- M2P Fintech, providing API infrastructure.
- Spending calculation
- Cruise’s Safe to Spend figure considers income, bills, EMIs, investments, emergency reserves, and savings goals.
- Supported uses
- Flight and hotel bookings, groceries and everyday essentials, subscriptions, and utility payments.
- Safety controls
- Users approve mandates defining amount, category, validity period, and approval threshold.
- Launch status
- The card is awaiting regulatory approvals and is expected to reach waitlist members in phases.
Quotes
Prabhu Rangarajan
Co-founder of M2P Fintech
“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.”
theprint.in
“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, transparency, and control.”
theprint.in
Sources
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