Facebook launches finance arm to manage commerce project across all its platforms

GLOBAL – Social media giant, Facebook Inc has unveiled a new group, the Facebook Financial (F2), to run its payment projects across all its social media platforms. Facebook’s F2 will be responsible for managing Facebook Pay, the universal payments plan which will run across all its apps, and will also pursue commerce opportunities across all the apps in the company. While presenting the company’s Q2 2020 results in July, Zuckerberg had expressed his excitement about the commercial aspect of the company’s messaging apps. Zuckerberg said that the trend will likely…

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