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The Rise of Venmo’s Importance to PayPal

The Rise of Venmo’s Importance to PayPal

PayPal (PYPL) is giving its Venmo business a lot of attention lately. After years of appointing Venmo leaders who have also handled responsibilities for the flagship PayPal service, PayPal has recently changed that by assigning Venmo a dedicated leader, signaling the growing importance of the Venmo business. In August, PayPal appointed Amit Jhawar as the general manager of Venmo.