Amazon takes on PayPal and Venmo

Amazon is contemplating entering yet another new market—banking and finance, said AnnaMaria Andriotis and Laura Stevens in The Wall Street Journal. The e-commerce giant is exploring several new ventures designed to grow its footprint in the online-payments industry. One effort is focused on how consumers might use the virtual assistant Alexa to send money to friends, in a direct challenge to PayPal and Venmo. Other payment options would allow “drivers of cars equipped with