Amazon announced Tuesday it’s adding Venmo as a payment option at checkout. Shares of PayPal, which owns Venmo, surged more than 6% in afternoon trading.
The feature will begin rolling out in the Amazon app and on amazon.com starting Tuesday, before launching for U.S. users by Black Friday on Nov. 25, Amazon said.
Venmo is a popular payment service that allows users to send money to each other. It has increasingly expanded beyond its…