March 2, 2021
Business News

Facebook kicks off financial unit in another bid to capture digital payments, commerce – MarketWatch

Facebook Inc. has a new payments group with a familiar face.David Marcus, co-creator of the companys Libra cryptocurrency project, will head Facebook Financial, an initiative to run all payments projects, including Facebook Pay, a feature it plans to build inside all of its apps. Former Upwork Inc.
Chief Executive Officer Stephane Kasriel will serve as a payments vice president under Marcus, who continues to run Novi, a Facebook
division that is building a dig…

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