Can AI Agents spend your hard earned money through UPI?
On 11 June 2026, Pine Labs launched the Pine Labs Payment Protocol (P3P), a system that allows AI agents to complete UPI payments without the user authenticating each transaction. It works on top of UPI ReservePay and One Time Mandate. The user authorises once, the agent transacts within set limits. Vijay Sales is testing. RBI and NPCI have not issued guidance on liability, privacy, or audit for autonomous agent News Source: Medianama payments. This is important for financial security as P3P P3P quietly removes the person from that loop. The most successful piece of Indian digital public infrastructure is now being extended into a layer where consent is given once and exercised forever by software. The regulatory questions are not technical, they are constitutional in spirit. Will financial consent in India become a one-time act?
Will financial consent in India become a one-time act?