Breaking! PayPal announces strategic restructuring to incorporate "Payments and Cryptocurrency" into its three core business pillars, with a major executive reshuffle to aggressively pursue AI transformation.

Payment giant PayPal is undergoing a historic restructuring! The company officially announced on the 29th that, to accelerate growth and simplify decision-making, it will fully reorganize into three core business segments, with "Crypto" and the PYUSD stablecoin officially elevated as one of the three pillars. At the same time, the executive team is seeing a major shake-up, with the creation of a new "Chief AI Transformation & Simplification Officer" to accelerate automation, while two former Executive Vice Presidents have announced their departures. (Previous coverage: PayPal's stablecoin PYUSD expands to 70 countries in Latin America and Asia-Pacific, opening up retail holding and yield-earning) (Background: Mizuho warns: Musk's X Money could severely impact PayPal! But crypto payments and 6% high interest face regulatory hurdles) The pace at which the traditional payment giant is embracing Web3 and artificial intelligence is accelerating across the board. PayPal issued an announcement on April 29, 2026, declaring that the company will undergo a large-scale strategic restructuring. President and CEO Enrique Lores stated that the core purpose of this reorganization is to accelerate long-term growth, simplify decision-making processes, and prioritize operational excellence to achieve sustainable value creation. Streamlined into "Three Businesses": Crypto becomes a strategic core Under the new organizational structure, PayPal will abandon its past cumbersome departmental divisions and shift fully to a more simplified "three-business operating model." Notably for the crypto market, the Crypto and Blockchain business has been officially elevated to the strategic height of one of the company's three pillars: - Checkout Solutions & PayPal: Led by Frank Keller as President. This division will fully integrate the consumer and merchant ecosystem to formulate a unified checkout strategy. - Consumer Financial Services & Venmo: Led by Alexis Sowa on an interim basis. It will build on the existing strong momentum of Venmo to further expand into a broader consumer financial services platform. - Payment Services & Crypto: Led by Jeff Pomeroy on an interim basis. This division will integrate Braintree, SMB payment processing, value-added services, and "crypto capabilities," including its own USD stablecoin PYUSD, aiming to provide merchants with a single, highly scalable payment solution. Executive shake-up: Establishing "Chief AI Transformation Officer" to push for automation In line with the business segment restructuring, PayPal's leadership team is also seeing significant personnel changes. To address next-generation technological competition, PayPal has specifically appointed Anshu Bhardwaj as Chief AI Transformation & Simplification Officer, signaling the company's determination to deeply integrate AI technology into internal operations and products. Additionally, Antonio Lucio has joined the team as Chief Marketing & Corporate Affairs Officer. As new leaders take office, veterans are stepping down. The announcement noted that former EVP of the Consumer Group Diego Scotti, who helped accelerate Venmo's growth, and former EVP of SMB and Financial Services Group Michelle Gill, who strengthened SMB and AI payment experiences, have both announced their departures. Enrique Lores emphasized in the statement that this restructuring will bring PayPal closer to the real needs of consumers and significantly strengthen internal accountability. Regarding the detailed impact of the new operating model on financials and subsequent operations, PayPal expects to provide a further, complete explanation to investors during the earnings call on May 5.