Ebay and Pay Pal are separating, as reported in Tech Crunch. The online payment company is allegedly going to disintegrate from Ebay's group of companies. Pay Pal plans to put up its separate corporate organization, the Tech Crunch further reported.

The separation of two companies came along after Ebay's board of directors conducted its review on things that can help the two companies improve and progress in the market.

Ebay and Pay Pal will formally separate by mid 2015, after the regulators all put their signatures on the new memorandum.

A Tech Crunch article indicated that both Ebay and Pay Pal will be getting two separate CEO's when the disintegration formally takes place by then. Devin Wenig will be retained as Ebay's CEO, while Pay Pal's president Dan Schulman will assume post as the company's new CEO next year.

Many people have long seen the coming of Ebay and Pay Pal's separation. Ebay has worked on boosting the online business objectives of the payment system. However, Pay Pal has now garnered more customers in mobile payment transactions than on online business ones.

Tech Crunch reported that Ebay has garnered sales up to $20 billion for its yearly mobile sales revenue. However, the company's surprising growth was augmented by Pay Pal's growing market progress in the market.

The Ebay and Pay Pal separation will pave the way for the latter to transact with Ebay's competitor companies, which includes Alibaba.