FinTech news in Venmo 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’s Q4 warning PayPal’s fourth quarter saw total payment volume (TPV) at the company rise to $339.5 billion, up 23% compared to the year-ago period, resulting in revenues of $6.9 billion, up 13% on a year-over-year basis.