The company confirmed that it is "re-evaluating" its PR agency relationships following its decision to become an independent company.
Last year eBay decided to spin off PayPal into a separate publicly traded business to allow the companies to capitalise on respective growth opportunities.
Last month PayPal hired Amanda Groty from Hill+Knowlton Strategies as senior director of comms for EMEA. Groty works out of London and Luxembourg.
In a statement, PayPal said: "As we move toward becoming an independent, public company later this year, we are ensuring we have the best comms agency partnerships to deliver world-class work. Re-evaluating our EMEA and APAC relationships is central to that process. No changes are planned for the agency make-up in the Americas."
MSLGroup will continue to manage PayPal comms in the US.