Tag: protocol

Revolut to Enable Frictionless Checkout Across All Agentic Commerce Platforms

Revolut, a global financial leader,has announced a new strategic pillar for Revolut Pay, with plans to make its seamless, one-tap checkout solution compatible across the emerging landscape of agentic commerce. This is underpinned by Revolut Pay becoming one of the first EU payment methods compatible with Google’s Agent Payments Protocol (AP2). This strategic focus will help position Revolut Pay as both the secure, universal, 1-tap payment solution for consumers and a powerful sales booster for Revolut Business merchants in conversational and automated shopping environments.

Through close collaboration with Google, Revolut has become one of the first EU payment methods compatible with AP2. AP2 is an open protocol developed with leading payments and technology companies to securely initiate and transact agent-led payments across platforms. In concert with industry rules and standards, it establishes a payment-agnostic framework for users, merchants, and payments providers to transact with confidence across all types of payment methods. In addition, Revolut has  contributed directly to Google’s AP2 open protocol by adapting the flows specifically for account-to-account payments. 

“The future of shopping isn’t a website; it’s a conversation. We aim to move beyond the click-and-pay model to a world where your AI assistant streamlines the checkout for you,” said Alex Codina, General Manager of Acquiring at Revolut. “By enabling Revolut Pay for Agentic Commerce, we are aiming to make our customers’ favourite, most secure payment experience the standard for AI-driven transactions. This will ensure speed, trust, and absolute zero friction for the next generation of digital buying.”

“The future of digital commerce relies on trust, security and speed. By leveraging Google’s AP2 protocol, Revolut will remove friction from AI-assisted shopping. Together, Revolut and Google are transforming digital commerce for millions of users in the European Economic Area (EEA) and the UK,” said Tara Brady, President, Google Cloud EMEA.

Revolut Pay ensures that customers’ transactions are handled with Revolut’s secure infrastructure, including instant notifications and integrated fraud monitoring. The process creates a cleaner, more secure experience for customers and boosts conversion rates for merchants. It also offers a trusted, familiar payment rail for this novel commerce channel.

For Revolut Business merchants, the strategic value of embracing Agentic Commerce lies in preparing for the future of payments. This foundational work and strategic commitment to full payment rail support ensures Revolut remains a trusted partner empowering merchants to thrive in the evolving agentic commerce ecosystem.

These ambitions are illustrative of Revolut’s commitment to staying at the forefront of digital innovation. By ensuring Revolut Pay compatibility with any agent, Revolut is directly addressing the shift in how consumers will interact with the digital economy, ensuring its core payment product is present wherever commerce occurs next.

Ireland’s National IP Protocol recognised as EU best practice

Ireland’s National IP Protocol (our guidelines and framework for commercialising State research) has been published as an example of European best practice on a new EU platform.

The Knowledge Valorisation Platform connects players in the EU with the common goal to transform excellent research results and data produced in Europe into sustainable products and solutions for the benefit of all – be it economic prosperity, environmental benefits, societal progress or improved policy making.

The platform provides a space for stakeholders to share best practices and establish contacts, to exchange experiences and co-design guidance, and to stay connected to EU developments in knowledge valorisation. The aim of the platform is to ultimately improve policies and enhance capacities and skills.

Research Commercialisation

Ireland’s framework for research commercialisation is called the National IP Protocol. It provides for best practice, guidance for research-related engagements between industry and State research performing organisations (RPOs) and the formation of spin-out companies from State research.

This protocol and an accompanying resource guide which are housed on the Knowledge Transfer Ireland website have now been published on a European Commission Research and Innovation website, where Ireland joins other leaders in this area including Sweden, Belgium, Denmark, Italy and France.

Imelda Lambkin, Manager Disruptive Technology, Innovation & Knowledge Transfer at Enterprise Ireland said:

“Ireland is showing itself to be a leader in the field of knowledge transfer and research commercialisation. We may be a small country, but we certainly punch above our weight in this area, and the publication of the National IP Protocol as best practice by a key EU agency is testament to that.

“Our annual AKTS (Annual Knowledge Transfer Survey) – published just last month – showed that Irish research performing organisations (universities, institutes of technology and other publicly funded research institutions), are spending upwards of half a billion euro on research expenditure.

“2021’s figure of €672m is the highest on record, and an increase of over one-third since KTI began collating research expenditure in 2013. Engaging with the third level on R&D is known to make businesses more competitive than those who don’t.”

IP Protocol

The Irish National IP Protocol includes chapters on spin-out company formation, intellectual property, licensing and research collaboration.

It is about helping industry, from start-ups and small and medium enterprises to multinational corporations, entrepreneurs and investors to access the research and development carried out in Ireland’s universities, institutes of technology and other public research institutions (collectively termed ‘Research Performing Organisations’ or RPOs).

It sets out the Government’s policy for research commercialisation and describes the practical arrangements for this to happen. The IP Protocol also sets expectations – on RPOs and on parties wishing to engage with RPOs.

Knowledge Transfer Ireland (KTI, the national office responsible for oversight of the knowledge transfer system) is responsible for developing and updating the IP Protocol.

For further information see: https://www.knowledgetransferireland.com/ and https://ec.europa.eu/research-and-innovation/en/research-area/industrial-research-and-innovation/eu-valorisation-policy/knowledge-valorisation-platform/repository/irelands-national-ip-protocol-and-resource-guide