American Express is boosting efficiency in the way its Card Members send money and split purchases with family and friends, with the launch of Amex Send & Split with PayPal and Venmo.
The new offering makes it possible for eligible U.S. Consumer Card Members to send money to any other PayPal or Venmo customer right in the American Express App, giving consumers more flexibility in how to send money.
It allows U.S. Consumer Card Members to send money to friends and family in the U.S. via PayPal or Venmo, without paying a fee. When they enroll in Send & Split, an Amex Send Account is set up for you automatically. Consumers can add funds to that account any time with an American Express Card and send money to any other PayPal or Venmo customer. This increases the capabilities of buying now and paying later.
It comes as p2p transactions are increasing especially as the digitalisation of the payment sector and customer journey continues to grow throughout the pandemic.
Amex Send & Split seeks to work seamlessly, whether paying family back for a group gift or splitting expenses with a friend through PayPal or Venmo. The launch places a heightened focus on efficiency and convenience within the customer journey.