Technology: Facebook sets up money app

Published Mar 19, 2015

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FACEBOOK was giving users the ability to send money to friends through its Messenger application, building off the expertise of a former PayPal executive that the social network hired last year, the company said on its website on Tuesday. The new tool would be rolled out in the coming months in the US for desktop computers and Google and Apple’s mobile platform. The move had been expected after the firm last June hired David Marcus, formerly the president of PayPal, to lead the social network’s messaging group. Facebook did not plan to take fees for the transactions for the time being. – Bloomberg

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