PayPal Restructures Into Three Divisions, Creates Dedicated Crypto Unit

A Three-Pillar Structure With Crypto at Its Core

Payments giant PayPal has announced a sweeping reorganization of its corporate structure, splitting operations into three distinct business units. For the first time, the company has carved out cryptocurrency services as a standalone division.

The new management architecture comprises:

• Payment Services & Crypto— combines platform solutions, payment processing, and all crypto-related services, including the PYUSD stablecoin. Jeff Pomeroy has been appointed interim head of this unit.
• Checkout Solutions & PayPal — encompasses consumer and merchant services under the leadership of Frank Keller.
• Consumer Financial Services & Venmo — focuses on consumer financial products built around the Venmo app. Alexis Sowa has been named interim leader.

Why This Matters

Elevating crypto to a dedicated business unit within one of the world's largest payment companies carries significant weight for the digital asset industry. PayPal serves hundreds of millions of users globally, and embedding digital assets into its core organizational chart signals a long-term strategic commitment rather than an experimental side project. The PYUSD stablecoin now sits at the center of a business line with its own leadership and accountability structure.

Leadership Shake-Up

PayPal CEO Enrique Lores stated that the restructuring is designed to simplify decision-making, increase accountability, and accelerate the company's growth trajectory.

As part of the changes, two senior executives are departing: Diego Scotti, executive vice president of the consumer group, and Michelle Gill, head of the small business division.

Replacing them are Antonio Lucio as chief marketing officer and Anshu Bhardwaj as chief AI transformation officer — a newly created role that underscores PayPal's growing emphasis on artificial intelligence alongside its crypto push.

What Comes Next

PayPal plans to disclose further details about its updated operating model on May 5, alongside the release of its financial earnings report.

The restructuring follows a February announcement in which PayPal, MoonPay, and M0 unveiled PYUSDx — a product enabling developers to issue custom stablecoins built on top of PYUSD for specific ecosystems and applications. A dedicated crypto division could provide the organizational framework needed to accelerate such initiatives with greater resources and managerial autonomy.