Former Paypal executive to lead Facebook Pay

10 Aug 2020

Former Paypal executive to lead Facebook Pay

. Facebook Inc (O:FB) named former PayPal Holdings Inc (O:PYPL) 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:UPWK), according to his LinkedIn (NYSE:LNKD) profile. Facebook did not immediately respond to a request for comment.

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