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PayPal restructures with a focus on simplifying processes and enhancing user engagement across its divisions.

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PayPal Holdings has unveiled a broad reorganization of its business structure and leadership team as it looks to accelerate execution of its growth strategy, simplify internal processes, and boost innovation.

The company will transition to a streamlined operating model built around three divisions, including Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto, according to a recent statement.