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Meta will shut down its Novi e-wallet in September, but will continue to invest in digital finance in the future.

Author: Mash Yang
2022-07-03
in App, Market dynamics, Life, network, Topics
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OnExternal announcement contentMeta has confirmed that it will shut down the Novi e-wallet service and the Novi e-wallet transaction function provided on WhatsApp from September 9 this year. At the same time, users will no longer be able to top up in the Novi e-wallet from July 1.

Meta will shut down its Novi e-wallet in September, but will continue to invest in digital finance in the future.

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Meta urges users to withdraw their Novi e-wallet balances to other financial accounts as soon as possible. Users in the United States and other regions will be able to transfer their balances directly from the Novi e-wallet to other bank accounts. Users in Guatemala can even withdraw their balances through designated service locations.

If users fail to withdraw their Novi Wallet balance after September 9st, Meta will automatically transfer the balance to the bank account originally linked to the Novi Wallet or refund it to the originally registered cash card. Additionally, users can request a refund of all Novi Wallet transaction records before the service is officially shut down.

Meta will shut down its Novi e-wallet in September, but will continue to invest in digital finance in the future.

Novi’s e-wallet service originated from the early Calibra cryptocurrency business. It originally hoped to continue to develop by changing its name, but Meta’s cryptocurrency business development is obviouslyFacing many difficulties, and even led to the departure of David Marcus, former vice president of Facebook Messenger.

However, the closure of the Novi e-wallet service does not mean that Meta will give up developing this market. When announcing the change of Facebook Pay’s name to Meta Pay, it was revealed that it was in preparation for the upcoming Metaverse wallet service. Therefore, it will continue to develop digital finance and digital assets in the future.Expand layout.

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Tags: CalibraFacebookMetaTarget PayNewCryptocurrencydigital financeelectronic wallet
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Mash Yang

Mash Yang

Founder and editor of mashdigi.com, and student of technology journalism.

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Translation (Tanslate)

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