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Pathikrit Bose

As PayPal Plans to Make Venmo a Standalone Business Unit, Should You Buy, Sell, or Hold PYPL Stock?

PayPal Venmo PYPL BNPL

Digital payments platform giant PayPal (PYPL) is contemplating making Venmo a standalone business unit. Venmo, with about 100 million users, is one of the biggest peer-to-peer payment networks in the United States. Consequently, as voices around a potential takeover of PayPal gather steam, the management is looking to extract the maximum value from one of its most valuable businesses.

According to the CNBC report, which broke the news, PayPal is searching for a digital banking executive who will head the Venmo segment.

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