Paypal’s retail chief quits ahead of eBay split

Paypal executive Don Kingsborough, who helped orchestrate the payments company’s move into physical retail stores, stepped down in January, the company said on Wednesday.

His departure, which tech blog Re/code first reported, comes as the company competes with the likes of fast-growing startup Square to get its payments system adopted in more retail chains across the United States.

PayPal, which is slated to split from eBay Inc later this year, will keep testing and investing in various in-store payments systems, eBay spokeswoman Amanda Miller said in a statement.