Does Venmo's Amazon Partnership Make PayPal Unstoppable?
Digital payments behemoth PayPal Holdings (NASDAQ: PYPL) just inked a new partnership that can meaningfully propel the business going forward. Starting this year, Amazon (NASDAQ: AMZN) customers in the U.S. will be able to use Venmo at checkout. Having recently parted ways with eBay, PayPal is now back to working with a major e-commerce company.
The rise of online shopping certainly goes hand-in-hand with the growth of electronic payments. But for PayPal, which was already doing well (sales and profit increased 132% and 242%, respectively, from 2015 to 2020), this has the potential to be a game-changer.
Read on to find out what this deal means for PayPal.
Source Fool.com
