PayPal reorganizes into three businesses, splitting out Venmo and naming new leaders

PayPal reorganized into three operating businesses: Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto, which holds Braintree, SMB processing, value-added services and PYUSD. Frank Keller was named president of Checkout Solutions & PayPal, Alexis Sowa and Jeff Pomeroy are interim leads for the other two units, and Antonio Lucio and Anshu Bhardwaj joined as new chief officers. Separating Venmo makes its results easier to track and makes a future sale easier to assess.

• Three businesses: Checkout Solutions & PayPal; Consumer Financial Services & Venmo; Payment Services & Crypto
• Payment Services & Crypto includes Braintree, SMB processing, value-added services and PYUSD
• Frank Keller named president, Checkout Solutions & PayPal
• Diego Scotti (Consumer Group) and Michelle Gill (Small Business & Financial Services) are leaving the company