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France’s data privacy and protection body has slapped Facebook with a €60m fine and Google with a €150m penalty following misdemeanours around internet cookies.
Starling Bank has pulled all of its paid advertising on Facebook and Instagram due to concerns regarding fraudsters on the platforms.
Facebook Messenger is set to test Split Payments, a feature that will let users to share the cost of bills and expenses from within a Messenger group chat.
As part of Facebook’s rebrand to Meta, it has also changed the name of its FinTech services from Facebook Financial to Novi.
Facebook users might soon be able to pay other users through the app as the social media giant has begun testing Venmo-like QR codes to facilitate peer-to-peer payments.
Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.
The Libra Association has changed its name to the Diem Association to reinforce "its organisational independence" as the cryptocurrency could launch as early as January.
Indian regulators has given WhatsApp a thumbs up, allowing the Facebook-owned app to operate as a payment service in the country.