正式进军电商领域，PayPal成为ChatGPT首个支付钱包

Core Insights - PayPal has entered a significant partnership with OpenAI to integrate its digital wallet into ChatGPT, marking its entry into AI-driven e-commerce [1][4] - The collaboration is expected to enhance user experience by allowing seamless transactions while searching for products through ChatGPT [1][6] Partnership Details - Starting next year, ChatGPT will incorporate a complete payment wallet, enabling users to convert search intent into actual purchases with PayPal's underlying payment technology [1][4] - PayPal will utilize the Agentic Commerce Protocol (ACP) to provide comprehensive backend infrastructure for transactions within ChatGPT, handling merchant routing, payment verification, and global transaction coordination [5] User Experience and Security - Users will have the option to pay using linked bank accounts, credit cards, or balances in their PayPal wallets, benefiting from buyer and seller protections, package tracking, and dispute resolution services [5] - The partnership aims to build a two-way trust network, leveraging PayPal's extensive verified user and merchant network [5] AI-Driven Shopping Model - The collaboration is seen as a step towards a new shopping paradigm driven by agentic AI, where AI acts as a personal shopping assistant [6] - By 2026, PayPal plans to introduce millions of products from small and medium-sized enterprises and global brands into ChatGPT, covering various categories [6] Financial Performance - PayPal reported strong Q3 earnings, raising its adjusted EPS guidance to $5.35-$5.39, exceeding previous expectations [7] - Q3 net revenue reached $8.42 billion, with adjusted EPS of $1.34 and adjusted free cash flow of $2.3 billion, all surpassing market forecasts [7] - Despite a 4.5% year-over-year decline in payment transaction volume to 6.33 billion, the partnership with OpenAI is viewed as a strategic move to overcome growth challenges [7]