PayPal Profit Beats Estimates, US Venmo Users Can Pay on Amazon From Next Year

PayPal Profit Beats Estimates, US Venmo Users Can Pay on Amazon From Next Year
A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. Dado Ruvic/Illustration/Reuters
|Updated:

PayPal Holdings Inc. beat Wall Street estimates for quarterly profit and said U.S. users of its peer-to-peer payment service Venmo would be able to pay on Amamzon.com starting next year.

The company emerged as one of the big winners of the COVID-19 pandemic as more businesses moved online and consumers preferred using phones and other digital means to pay bills and to shop.