PayPal has secured a place on the x402 Foundation’s Governing Board, giving the payments company a role in business oversight of an open protocol intended to support transactions by AI agents and online software.
The foundation announced PayPal’s membership Tuesday, Nov. 10. Premier status lets PayPal appoint a representative to the Governing Board, which handles marketing, business oversight and budget decisions. The foundation lists Jay Mok, Director, Agentic Payments and Trust at PayPal, as its representative.
A separate Technical Steering Committee handles technical oversight. The foundation began operations under Linux Foundation governance on July 14, 2026. Coinbase contributed x402 to the foundation, which stewards the protocol.
x402 uses HTTP web requests and is designed for transactions involving AI agents, applications and APIs. Its supported payment methods can include cards and stablecoins. The foundation says it aims to advance open standards and infrastructure that can work across services without depending on a single provider.
A prior EconoTimes account of x402 activity on Base recorded more than 138 million transaction events in the 12 months through July 1, 2026. The tally counted transactions, not unique users or AI agents.
