Facebook Creates Unit Devoted To Financial Services
This file illustration taken on October 1, 2019 shows the logos of mobile apps Facebook and Google displayed on a tablet in Lille, France. DENIS CHARLET / AFPFacebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform.
The Novi wallet — set to launch when Libra coins debut — promises to give Facebook opportunities to build financial services into its offerings, offer to expand its own commerce and let more small businesses buy ads on the social network. “We want to be able to give people the ability to make a payment however they choose — debit, credit or Libra digital currencies.”
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