Facebook creates unit devoted to financial services

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Facebook creates unit devoted to financial services
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SAN FRANCISCO (AFP) - Facebook on Monday (Aug 10) said it has created a new unit devoted to financial services to harmonize payment systems on its platform.. Read more at straitstimes.com.

SAN FRANCISCO - Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform.

The Novi wallet - set to launch when Libra coins debut - promises to give Facebook opportunities to build financial services into its offerings, offer to expand its own commerce and let more small businesses buy ads on the social network. "We want to be able to give people the ability to make a payment however they choose -- debit, credit or Libra digital currencies."

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