According to a news release, the new program enables American Express consumer cardholders to use the new Amex Send & Split service. Cardholders will be able to send money to any PayPal or Venmo customer directly from the American Express App.
“I think it’s going to be one of our big growth drivers as we go into next year and into 2022,” said PayPal CEO Dan Schulman. “And by the way, there’s a ton more we can do with this, too. We have a large roadmap around this for Venmo as well.”
In addition, using the new service, customers will also be able to split purchases — for example, for food delivery or gifts — on PayPal and Venmo, and get paid back directly to their Amex cards.
Cardholders can enroll from the Amex App. Starting on Nov. 23, Venmo customers will be able to enroll directly from their accounts, the release said.