fintech / news / / CNBC
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.
PayPal is reorganizing Venmo as a standalone segment, separating it from other company operations.
KEY POINTS
- 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
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