Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Intel Boosts Malaysia Operations with Additional RM860 Million Investment 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Quantum Systems Projects Revenue Surge as It Eyes IPO or Private Sale 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Amazon Inc. is set to remove Venmo as a payment option on its platform. Starting next month, the e-commerce giant will no longer accept payments through the PayPal-founded mobile payment service.
According to Fox Business, starting Jan. 24, 2024, Amazon customers will not find Venmo on the payment modes on the company's e-commerce site or mobile app. Then again, it was said that customers may still use Venmo debit or credit cards for their transactions on Amazon.
"Due to recent changes, Venmo can no longer be added as a payment method," the e-commerce firm stated. "Venmo will remain available to users who currently have it enabled in their Amazon wallet until 01/10/24."
Customers Urge to Try Other Payment Methods
As Venmo is set to be taken down, Amazon urges its customers to use other payment options. The company said it still offers almost a dozen payment methods, so Venmo's unavailability should not be a problem.
Amazon added that buyers may choose from various credit cards, debit cards, installments, and checking accounts to pay for purchases. The spokesperson of PayPal told Fox Business that both companies agreed to the deactivation of Venmo.
PayPal's Shares Slide as Amazon Discards Venmo
Venmo was first launched in 2009, and in 2013, it was acquired by PayPal. It is a widely used mobile payment service, and its partners include Starbucks, McDonald's, DoorDash, Domino's, Uber, Microsoft, and more.
Meanwhile, now that Amazon announced its plans to ditch Venmo, CNBC reported that PayPal shares plunged by 1.7% on Thursday. The move to drop the said mobile payment option is said to be abrupt, but both Amazon and Venmo assure that their ties remain strong.
The spokesperson of Venmo told the publication in a statement, "We have a strong relationship with Amazon and look forward to continuing to build on it."
Photo by: Tech Daily/Unsplash
