PayPal Has Been Talking With Amazon on Payments, CEO Says
- Payments business has European users Amazon may want to reach
- Online retailer has its own ambitions for a payments business
PayPal Talks With Amazon on Payments
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Amazon.com Inc. and PayPal Holdings Inc. have discussed letting shoppers pay for Amazon purchases using their PayPal accounts, highlighting how the digital payments company can attract new partners since its 2015 split from Amazon rival EBay Inc.
“We have been in conversations with Amazon,” PayPal Chief Executive Officer Dan Schulman said Thursday in an interview with Bloomberg News. “We’re closing in on 200 million users on our platform right now. At that scale, it’s hard for any retailer to think about not accepting PayPal.”