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.

For instance, we are working with CVS Pharmacy to enable PayPal and Venmo QR codes for payment at their cash registers.

Answer: subsidiary