PayPal And OpenAI Strike Deal To Power AI-Driven Commerce Through ChatGPT

Benzinga

PayPal will integrate its wallet into ChatGPT, enabling in-app purchases and merchant sales. The move positions PayPal as a core player in AI-driven e-commerce and sent shares up 14% premarket.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02PayPal signed a deal with OpenAI to integrate its digital wallet into ChatGBT,

00:06allowing users to buy products directly within the AI app starting next year, according to CNBC.

00:11Partnership will let PayPal users buy items and merchants sell through ChatGBT,

00:15creating a new model for AI-driven e-commerce.

00:18CEO Alex Chris said hundreds of millions of PayPal wallet holders

00:20will soon be able to click Buy with PayPal for secure checkout.

00:24PayPal has become the payment's backbone for energetic AI shopping

00:27through new partnerships with Google and Perplexity alongside its OpenAI integration.

00:32The deal follows recent integrations with Shopify, Etsy, and Walmart.

00:36Shares jumped 14% in pre-market trading after the announcement.

00:39For all things money, visit Benzinga.com.

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