Remove Credit Limit Remove Government Payments Remove Venmo
article thumbnail

Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). It’s likely that Amazon was too early to P2P payments. That same year, the company acquired TextPayMe , a peer-to-peer (P2P) mobile service that was relaunched as Amazon Webpay in 2011.