(Reuters) – Facebook Inc (O:) named former PayPal Holdings Inc (O:) executive Stephane Kasriel to lead Facebook Pay, a company executive said on Monday.
The social media giant will also create a new group to look after its payments-related initiatives, including Facebook Pay and WhatsApp payments, David Marcus, co-creator of Facebook’s Libra cyrptocurrency project said in a tweet.
Kasriel was also the former chief executive officer of freelance marketplace Upwork Inc (O:), according to his LinkedIn (NYSE:) profile.
Facebook did not immediately respond to a request for comment.
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