Facebook Pay will soon be renamed Meta Pay, according to a blog post written by Meta’s head of fintech, Stephane Kasriel. With the rebrand, the company is focusing on enhancing the payments experiences it already provides with Facebook Pay in regions where it’s seeing good adoption, as opposed to focusing on expanding to new countries.
Meta is also exploring how it can further simplify the payments experience across its platforms to make payments easier to access and process in the metaverse. Kasriel noted that Meta is in the “very early stages” of considering what a single wallet experience may look like. He outlined that in terms of its early thinking, Meta is looking at how you prove who you are and carry that identity into different experiences in the metaverse.
