What Facebook’s European payment license could mean for banks?

Welcome to PSD2 World! Did you see this comming?

Early in December, Facebook finally unveiled their newly acquired licenses for e-money and payment services out of Ireland. The rumors of Facebook entering the payment space in Europe have been going on ever since it was reported that Facebook applied for a money transfer license a while ago. Another clear indication of Facebook’s ambitions in payments was the hiring of former PayPal president David Marcus as head of Facebook Messenger. As Mark Zuckerberg stated in January last year, “We’ll partner with everyone who does payments.”

The original post is published on Techcrunch.




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