Newsfeed
More →

Venmo is invading online shopping, allowing users to pay with their account anywhere that already takes PayPal—like Lululemon and Home Depot.

Venmo is invading online shopping, allowing users to pay with their account anywhere that already takes PayPal—like Lululemon and Home Depot. Venmo’s move to integrate with e-commerce could make them an even greater force in the rising fintech scene. The peer-to-peer payment app has gotten so “ubiquitous” that they’re “expected to make $40 billion in transactions this year.” We predicted fintech solutions for easier online shopping would shake up how teens spend this year, and this could be a step in that direction—as well as a thorn in the side of Venmo’s bank-backed competitor Zelle. (Racked)