PayPal (PYPL) has announced a significant partnership with OpenAI, integrating its digital wallet into ChatGPT. This groundbreaking development allows users to make purchases directly through the AI platform, enhancing user experience by enabling seamless transactions without leaving the chat. With over 700 million weekly active users on ChatGPT, this collaboration presents a major opportunity for PayPal to expand its customer base and increase engagement, driving payment volume growth. PayPal’s recent third-quarter earnings display strong performance, with a 12% increase in earnings per share and a payment volume exceeding $1.8 trillion. Despite the positive indicators and the potential of AI-driven shopping, PayPal’s stock trades at less than 14 times the 2025 earnings guidance, suggesting it may be undervalued. With strategic initiatives like the OpenAI partnership and recent alliances with Google, investing in PayPal could yield significant returns for investors looking to capitalize on innovative payment solutions.
Source link
Share
Read more