Google already has considerable experience with payments and related compliance matters (specifically KYC and AML). Facebook not so much and I got the sense that they thought they might try to ignore those issues. It didn't work out too well for them.
> Google already has considerable experience with payments and related compliance matters
Google is on its 3rd payments iteration now, and the division had a large leadership exodus when the 2nd iteration of Google Pay flopped[1]. How much institutional knowledge have they retained?