According to Bloomberg’s August 10 report, Facebook’s social media giants have launched a new product group called Facebook Financial (F2) in an effort to penetrate the fintech sector. The goal of the new product group is to promote payments and commercial opportunities and will be headed by David Marcus, head of Facebook Libra, and will […]
whatsapp payments
Brazil Central Bank Suspends WhatsApp Payments
It’s been less than a month since Facebook launched WhatsApp payments in Brazil. On 23 June, the Brazil Central Bank suspended the WhatsApp-based payment system according to Bloomberg’s report. The Brazil central bank has moved to suspend the new payment system to ensure competition in the payment system industry. The financial watchdog will use […]