OpenAI and PayPal Team Up to Power Instant Checkout and Agentic Commerce in ChatGPT

Core Insights - PayPal is partnering with OpenAI to integrate its payment services into ChatGPT, allowing millions of users to make purchases seamlessly through the platform [1][2] - The partnership will utilize the Agentic Commerce Protocol (ACP) to connect PayPal's extensive merchant network with ChatGPT, enhancing the shopping experience for consumers [1][4] PayPal's Integration with ChatGPT - PayPal will enable instant checkout for ChatGPT users, providing various funding options including bank accounts, balances, and cards, along with buyer and seller protections [2][3] - The integration will make product catalogs from small businesses and major retail brands discoverable within ChatGPT, streamlining the purchasing process for users [4] Expansion of AI Strategy - PayPal is expanding its AI initiatives with OpenAI, which includes scaling access to ChatGPT Enterprise for its employees and enhancing product development capabilities [5] - The collaboration aims to improve customer experiences and operational efficiency through the use of OpenAI's APIs [5]