Current Affairs - Business

PayPal has partnered with OpenAI to become ChatGPT’s first integrated digital payments wallet, allowing users to make secure purchases directly within the AI platform. This collaboration enables seamless e-commerce by letting users click “Buy with PayPal” in ChatGPT for instant payments. The move strengthens PayPal’s role in the emerging field of AI-powered commerce, showcasing its commitment to innovation and user trust through secure checkout, buyer protection, and verified transactions. By aligning with OpenAI’s growing ecosystem, PayPal positions itself at the forefront of the digital payment revolution, blending convenience, safety, and artificial intelligence to shape the future of online shopping.

Uber has entered into a strategic partnership with Nvidia to deploy 100,000 autonomous robotaxis beginning in 2027, signaling a transformative step in the evolution of urban transportation. The collaboration will leverage Nvidia’s DRIVE AGX Hyperion 10 platform, designed to support Level 4 autonomy, enabling vehicles to operate without human intervention in controlled environments. Uber will manage the operational aspects of the autonomous fleet, integrating the technology into its global ride-hailing network. This initiative represents a major advancement in self-driving innovation, combining Uber’s mobility expertise with Nvidia’s AI and computing power for next-generation smart mobility solutions.

BLS International Services Ltd has been contracted by India’s Ministry of External Affairs to establish and manage Indian Visa Application Centres in three major Chinese cities: Beijing, Shanghai, and Guangzhou. The centres will provide technology-driven, user-friendly visa services with advanced infrastructure and multilingual staff. This contract, effective from October 14, 2025, follows India’s resumption of tourist visas for Chinese nationals, aiming to strengthen people-to-people and diplomatic ties. BLS International, a global leader in visa outsourcing and citizen services, will play a key role in facilitating efficient visa processing and enhancing bilateral engagement between India and China.

Bajaj Finserv AMC introduced the ‘Pay with Mutual Fund’ feature, enabling investors to make UPI payments directly using their mutual fund holdings. This facility leverages the Insta Redemption mechanism, allowing redemption of up to ₹50,000 or 90% of the investment in real time. By partnering with fintech firm Curie Money, Bajaj Finserv ensures seamless integration of investment and payment systems, allowing users to maintain liquidity while earning higher returns than traditional savings accounts. This innovation marks a significant step in making mutual fund investments instantly usable for everyday transactions, blending investing with payment convenience.

The Government of India has entered into a Memorandum of Understanding (MoU) with Zomato to generate around 2.5 lakh job opportunities every year through the National Career Service (NCS) portal. This collaboration aims to integrate gig and platform-based employment into India’s formal job ecosystem. By doing so, it seeks to provide better access to job opportunities for youth, ensure transparency in recruitment, and support the rapidly growing gig economy by offering structured and officially recognised employment pathways.