Amazon Takes Venmo…

Big news from PayPal’s earnings yesterday was Amazon taking Venmo. I wanted to summarize the 15 tweets on the topic and provide a little more background into the dynamics. 

Amazon is an amazing company from a people perspective, perhaps the best TEAM I’ve had as a customer. They always proceed within a plan and purpose. So why Venmo?  As I related 2 weeks ago, Amazon is working to reduce the costs of payments. They have managed fraud down to 3bps.. So why can’t their processing costs look a lot more like Walmart? They have been successful in achieving this in EU (Sepa DD) and India (see blog), but the US remains (by far) the highest cost geography. 

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14 thoughts on “Amazon Takes Venmo…

  1. Pingback: The Disruptive Developments Amazon's Acceptance of Venmo Will Deliver

  2. Pingback: How Amazon's Acceptance of Venmo Will Disrupt Payments Forever - The Financial Brand - Money Goal - Make money quickly

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