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Visa Invests In Replit To Pioneer Agentic Payment Systems

Strategic Investment Fuels AI Innovation

Visa has made an undisclosed investment in Replit as the companies explore ways to integrate payment capabilities directly into AI-assisted software development workflows. The partnership reflects growing interest in enabling AI systems and developers to initiate and manage transactions without leaving development environments.

Enterprise Adoption And Advanced Integration

More than 1,000 Visa employees already use Replit for software development and prototyping, highlighting the platform’s growing adoption within large organizations. As part of the collaboration, the companies are evaluating how Replit users could access Visa Intelligent Commerce, an AI-powered payments platform, alongside Visa’s Trusted Agent Protocol, which is designed to verify AI agents and facilitate secure transactions. The initiative could enable AI systems to interact with payment infrastructure while providing additional safeguards around identity verification and transaction intent.

Pioneering The Future Of Agentic Payments

The investment aligns with a broader industry shift toward agentic commerce, where AI agents perform tasks and execute transactions on behalf of users. Technology and financial services companies are increasingly developing infrastructure that allows AI systems to complete purchases, process payments, and automate workflows with limited human intervention. Competition in the sector is intensifying as companies seek to establish standards for secure AI-driven commerce.

Enterprise Growth And Market Validation

Replit’s CEO, Amjad Masad, has underlined the platform’s robust enterprise traction and low churn rates, noting that customer retention often exceeds 300% net retention in some cases. Masad emphasized that enterprises rarely migrate from Replit once they experience the comprehensive benefits of its integrated stack and single-tenant environments, underscoring the platform’s long-term value.

Elevating Enterprise Access

In tandem with its growing market presence, Replit is launching a self-serve enterprise access program that empowers organizations to secure contracts up to $200,000 without an intermediary. This initiative offers top-tier compliance and controls, including single sign-on (SSO), audit logs, and advanced permissions, thereby reinforcing Replit’s commitment to secure, scalable, and efficient software development.

Keve Welcomes New Cyprus Business Development Organisation

The Cyprus Chamber of Commerce and Industry (Keve) has welcomed Parliament’s unanimous approval of legislation establishing the Cyprus Business Development Organisation, describing it as a major step toward improving access to finance for small and medium-sized enterprises, startups and self-employed professionals.

Expanding Access To Finance

The legislation creates a new public body aimed at addressing financing gaps by supporting businesses that struggle to secure funding through traditional channels.

According to Keve, the initiative could strengthen entrepreneurship, boost competitiveness and support Cyprus’ green and digital transition. The chamber has long argued that SMEs rely too heavily on bank financing, limiting investment, expansion and innovation.

Keve Calls For Swift Implementation

Keve said it helped shape the legislation through the consultation process and called for the organisation to become operational as quickly as possible. It also pledged to continue working with the Finance Ministry and the organisation’s management to support implementation.

How The Organisation Will Operate

Approved by Parliament on Tuesday, the legislation establishes Cyprus’ national business development body under the supervision of the Finance Minister, while the Central Bank of Cyprus will oversee anti-money laundering compliance.

The organisation will design financing programmes, provide loans and conduct studies to identify weaknesses in the financing market.

Cyprus will provide €60 million in initial capital. Over time, the body will also be able to raise funding from European and international institutions and benefit from state guarantees linked to approved strategic priorities.

Recovery Plan Milestone

Creation of the organisation is one of the final milestones under Cyprus’ Recovery and Resilience Plan and is required for the country to receive the plan’s ninth and final payment. Appointment of the board of directors remains the last outstanding step.

Before approving the bill, the Finance Ministry revised the draft following consultations with MPs and stakeholders. The changes removed provisions allowing the organisation to establish companies and narrowed the list of eligible beneficiaries by excluding small mid-cap companies.

Lawmakers also strengthened governance rules by introducing stricter board suitability requirements, conflict-of-interest safeguards, enhanced reporting obligations and borrowing limits. A seven-member board appointed by the Cabinet will oversee the organisation, while a transitional board will serve for two years until it becomes fully operational.

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