Uber Adds ‘Pay With Venmo,’ Becoming Largest App to Adopt Tool
- PayPal is increasingly moving to monetize the service
- Competition in cashless mobile payment industry is escalating
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The battle to become the country’s preeminent cashless mobile payment platform is heating up.
Starting Thursday, Uber Technologies Inc. riders in the U.S. will see a "Pay with Venmo" option when selecting a payment method for their trips. The feature will appear right next to Apple Pay, Apple Inc.’s competing mobile payment service. The ride-hailing giant is the largest retailer to accept Venmo payments to date, and the move is an indication of how the platform plans to make money.