Utilize the input text as a context reference, choose the right relationship between PayPal and Venmo from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Some of the faster growing parts of our business, like Venmo P2P and maybe Braintree, things like that have outpaced the PayPal branded experiences.

Answer: subsidiary