Amazon shoppers in the U.S. will soon be able to use the popular payment app Venmo to pay for purchases.
Starting next year, Venmo’s more than 80 million U.S. customers will be able to use the payment app at the Amazon checkout, Venmo’s parent company—Paypal—said Monday in a statement. Besides credit and debit cards, Amazon shoppers can already pay directly from their checking accounts (though notably, they cannot use PayPal).
Amazon has practically become synonymous with online shopping, and Venmo is a popular replacement for cash and checks, whether used to split a dinner tab with friends, support a local PTO fundraiser, or pay a lawn mowing bill. Forty-seven percent of Venmo users want to be able to use it to make purchases from online merchants, according to a recent survey by the company.
Mobile apps like Venmo have taken off during the pandemic, with 53% of U.S. adults using them to pay or transfer money in the last year, compared to 41% a year ago and 34% the year before, according to an American Bankers Association survey released last week. Venmo was the third-most-popular platform in the survey, after PayPal and Cash App.
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