At PayPal's first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn't just an easy way to split the dinner tab. Chriss, who took the helm in ...

The initiative could be key to CEO Alex Chriss' effort to orchestrate a turnaround at the payments company. Venmo will remain a stand-alone brand in the U.S. due to its strong consumer recognition.

“This is a new PayPal. We are transforming from a payments company into a commerce platform,” said chief executive Alex Chriss in addressing the audience for his company’s investor-day presentation in ...