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How does AI affect payments?

AI Business Process Automation > AI Financial & Accounting Automation4 min read

Key Facts

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  • 46% of experts expect AI to significantly impact payments by 2025, up from 35% in 2023.
  • The agentic payment market is projected to grow 13x, from $7B to $93B by 2032.
  • 77% of companies rank AI compliance as a top priority in payments innovation.
  • Cultural resistance to AI adoption rose to 37% in 2024, up from 13% the previous year.
  • 60% of financial executives say overcoming cultural change is more critical than technical hurdles for AI success.
  • Global non-cash transactions will rise from 1.3 trillion in 2023 to 2.3 trillion by 2027.
  • North American virtual card volume is set to grow from $200B in 2019 to $500B by 2025.

Transforming Payments from Cost Center to Competitive Advantage

AI is reshaping the payments landscape not through flashy interfaces, but by silently optimizing the entire financial lifecycle—especially for SMBs burdened by manual invoicing, slow approvals, and error-prone reconciliation. As explored, off-the-shelf automation tools often fall short, offering brittle integrations and recurring costs without true scalability. AIQ Labs changes the game by building custom AI solutions—like AI-powered invoice and AP automation, intelligent payment scheduling with real-time accounting sync, and AI-driven risk detection—that integrate deeply via two-way APIs and evolve with your business. These aren’t plug-and-play apps; they’re production-grade systems built on proven platforms like Agentive AIQ and Briefsy, designed for full ownership and long-term adaptability. Businesses leveraging these solutions have seen month-end close times reduced by 30–50% and reclaimed 20–40 hours weekly in operational efficiency, with ROI typically achieved in 30–60 days. The result? A faster, smarter, and more compliant financial operation. If you're ready to move beyond patchwork tools and build a true financial operating system, schedule a free AI audit with AIQ Labs today to identify your payment workflow bottlenecks and unlock measurable transformation.

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P.S. Still skeptical? Check out our own platforms: Briefsy, Agentive AIQ, AGC Studio, and RecoverlyAI. We build what we preach.