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.
UPWK,
-3.02%
Chief Executive Officer Stephane Kasriel will serve as a payments vice president under Marcus, who continues to run Novi, a Facebook
FB,
-1.75%
division that is building a dig…

Click here to view the original article.

Related Posts

You might also like ...

U.S. News & World Report Names Vivint Smart Home a Best Home Security System for Third Year Running
Stamps.com Doubles Current Share Repurchase Program to $120 Million
Dine Brands Global, Inc. Reports Fourth Quarter and Fiscal 2020 Results