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Facebook Has The Scale To Build A Strong Payments Business, But Not The Consumer Trust

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Yesterday, Facebook announced Facebook Pay, its new payments system for Facebook, Instagram, and WhatsApp. Users can use Facebook Pay for “fundraisers, in-game purchases, event tickets, person-to-person payments on Messenger and purchases from select Pages and businesses on Facebook Marketplace.” The announcement comes on the back of years of fintech initiatives from the company. Among them: […]

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