FinTech news in shopping category

While paying with Venmo on Amazon, customers can use Venmo balance, linked bank account, or eligible debit card to complete the transaction. The company said this option will be available to select customers starting today and will roll out to all U.S-based users on the Amazon site and mobile app by Black Friday next month. Users can also choose Venmo to be their default payment method for Amazon purchases on that screen. Amazon announced that it will now allow customers to make payments through Venmo on its platform.

PayPal is taking a step away from the Honey brand, the $4 billion shopping rewards acquisition it made in 2019, with today’s launch of PayPal Rewards. The new program will replace “Honey Gold” — the rewards program for Honey browser extension users, which allows customers to redeem their points for cash, gift cards or PayPal \[…\]