August 17, 2022

What you need to know

  • Meta has announced the rebranding of Facebook Pay into Meta Pay.
  • The renamed digital payments solution adds no new major changes in terms of functionality.
  • The rebranding will initially roll out in the United States and will then launch globally in the future.

Meta is unsurprisingly renaming Facebook Pay to, well, Meta Pay. The decision is part of an effort to bring the company’s payment solution closer to its rebranding, but it’s obviously a baby step toward creating a digital wallet for the metaverse.

In a Facebook post (opens in new tab), Mark Zuckerberg has detailed Meta’s plan to create a digital wallet that allows users to manage their identities, digital items, and payment methods in the metaverse.