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by tjpnz
1614 days ago
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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. |
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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?
1. https://arstechnica.com/gadgets/2022/01/google-pay-hopes-to-...