More Details About Facebook’s Plans in Payments

Speaking at Money2020, Paulette Rowe, Facebook’s global head of payment and financial services partnerships stated, “We don’t believe we are a payments company—we don’t believe we have the skills to be a payments company…What we do want to do is to partner.”; Rowe who previously was a managing director at Barclaycard is speaking with payments processors, banks and financial institutions in order to streamline payments within Facebook’s ecosystem; on top of those ambitions are their plans to launch their own digital coin; Rowe noted that they have nothing to announce on that front, but it has been widely reported that they are exploring options on how they might use blockchain technology. Source

Sign In