Facebook Financial will be responsible for managing and managing all of the company’s financial projects.
2 min read
Everything seems to indicate that the largest American social network is trying to position itself as a serious player in the financial services market. Facebook created F2, also known as Facebook Financial, which manages all financial projects.
This working group will ensure the promotion of projects such as Novi, Facebook’s digital wallet, Facebook Pay (the digital payment system that recently arrived in Spain) or Libra, Facebook’s cryptocurrency.
The F2 group will also be responsible for the management of WhatsApp Pay, a bizum-type payment platform between individuals that the company implements in India and that has already been launched in Brazil, but whose use has been banned by the Brazilian Central Bank. just a few days after its implementation.
F2 will deal with the legal and financial aspects of the products and expand the use of these services in different parts of the world, make agreements with local partners and ensure user satisfaction according to local needs.