# PayPal CEO Enrique Lores is reorganizing the firm's reporting lines to separate Venmo, the popular mobile payments app, from the company's other operations.

*fintech · news · 2026-04-29 · CNBC*

## Key points

- PayPal is reorganizing Venmo as a standalone segment, separating it from other company operations.
- PayPal is seeking a digital banking executive to lead the new standalone Venmo segment.
- The reorganization includes three main units: PayPal, Venmo, and a payment services division with Braintree and crypto.
- A new artificial intelligence transformation group will be led by ex-Walmart exec Anshu Bhardwaj.

**Companies:** PayPal, Apple, Google, Stripe
**Countries:** United States

[Read the full story on CNBC](https://www.cnbc.com/2026/04/29/paypal-restructures-venmo-standalone-unit.html)

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