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PayPal Splits, Venmo Standalone; Stripe Mulls Acquisition

4/30/2026

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Summary

Story summary

PayPal announced it will split into three units—Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto—making Venmo a standalone segment, tracked separately and possibly sold.
Frank Keller was named president of Checkout Solutions; Alexis Sowa interim head of Consumer Financial Services; and Jeff Pomeroy head of Payment Services.
Stripe has reportedly considered acquiring all or parts of PayPal.

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Story summary

PayPal announced it will split into three units—Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto—making Venmo a standalone segment, tracked separately and possibly sold.
Frank Keller was named president of Checkout Solutions; Alexis Sowa interim head of Consumer Financial Services; and Jeff Pomeroy head of Payment Services.
Stripe has reportedly considered acquiring all or parts of PayPal.