US EditionPayPal Partners with OpenAI to Allow Customers to Check Out in ChatGPT
- On Tuesday, PayPal Inc. announced a deal with OpenAI to embed its digital wallet in ChatGPT, with the agreement sealed over the weekend and integration starting next year.
- The deal reflects PayPal's push to scale AI-assisted shopping for its large user base, aiming to help 700 million-plus weekly users shop safely by merging verified consumers and merchants, Chriss said.
- The integration adds a 'buy with PayPal' button inside ChatGPT, allowing payments from linked bank accounts, cards, or PayPal balances with protections, while PayPal manages merchant routing and payment validation.
- Investors cheered the announcement, sending PayPal stock sharply higher to $79.72, with shares rising about 13.5% in pre-market trading as the company raised its full-year adjusted earnings forecast to $5.35 to $5.39 per share.
- Adopting the Agentic Commerce Protocol lets PayPal surface merchant catalogs inside AI apps, connecting tens of millions of PayPal merchants to ChatGPT and expanding OpenAI tools for 24,000 employees.
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