PayPal's Agentic Payments: Can These Unlock the Next Growth Leg?

PayPal is investing in agentic payments as a potential long-term growth driver from 2028 onward, leveraging its wallet, merchant network, and identity capabilities. While not a near-term earnings catalyst, the company aims to capture more AI-driven commerce transactions. Competitors Visa and Mastercard are also advancing similar agentic commerce platforms. PayPal shares have gained 26.5% in three months and trade at a significant valuation discount.