OpenAI Introduces ChatGPT Wallet With Visa, Mastercard, Amex — Lets AI Agents Make Purchases With User Approval

OpenAI launched ChatGPT Wallet, a payment feature for AI agents to make purchases on behalf of users. Developed with American Express, Mastercard, and Visa, it's available to U.S. ChatGPT Pro subscribers. Users can link credit cards and approve transactions via biometric verification. OpenAI aims to build merchant relationships and secure transactions, not generate transaction revenue initially. The feature is limited to eligible U.S. users with supported cards.

Goldman Sachs, Citigroup, Santander, and Deutsche Bank are investing $270M in Project Faro, a U.S. dollar stablecoin set to launch in 2027. Meanwhile, AI agents and X Money (backed by Elon Musk's X) are also targeting bank deposits, offering higher yields and easier money movement. Banks are responding to these threats, which could erode their low-cost deposit advantages as the Fed raises rates.

Affirm reported fiscal Q1 2027 earnings with GAAP EPS of $0.47, beating estimates, and revenue of $1.26B, up 35% YoY. Gross merchandise volume rose 34% to $14.4B. The company raised its full-year outlook, citing strong growth in its card services and active users. Affirm's performance contrasts with declines in Visa and Mastercard shares amid stablecoin concerns.

Truist Securities reaffirmed its Buy rating on Mastercard and increased its price target to $735 from $674, suggesting a 9.3% upside from the Nov 4 close of $672.68. Recent analyst price targets for Mastercard range from $726 to $755.

Freedom Broker downgraded Mastercard (NYSE:MA) to Hold, raising its price target to $725. Mastercard reported Q3 2026 revenue of $9.81B (+14% YoY) and EPS of $5.31 (+21% YoY), beating estimates. Gross dollar volume grew 7.5%, with services segment up 19%. Management reaffirmed full-year guidance. Other analysts raised price targets, citing margin improvement and growth in value-added services.

Visa (V) raised its quarterly dividend by 16% to $0.78 per share, increasing its annual yield to 0.71%. Mastercard (MA) pays $0.87 quarterly, yielding 0.52%. Visa's dividend growth outpaces Mastercard's over the past five years. Both stocks have rallied post-earnings, with Visa up 9.08% and Mastercard up 10.13%. Visa forecasts low-double-digit revenue growth for 2027, while Mastercard shows faster growth and a lower PEG ratio.