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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, and will also be able to split purchases and get paid back directly to their Amex cards.
Earlier this month, PayPal CEO Dan Schulman talked up the company’s latest successes with its buy now, pay later (BNPL) service in the U.S., France and the U.K. He told investors that PayPal has already seen growth that has exceeded its expectations, and that the company will look to expand in this area. “I think it's going to be one of our big growth drivers as we go into next year and into 2022,” said 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.”
https://www.pymnts.com/news/payment-methods/2020/american-express-paypal-venmo-payment-splitting
