PayPal chief David Marcus is jumping ship for Facebook.
PayPal parent eBay said Monday that Marcus, who was named president of the unit in April 2012, "has made a career decision to focus on what he loves most -- leading smaller teams to create great product experiences."
In his new role, Marcus will "lead Facebook's messaging products," eBay said without providing additional details. Facebook did not immediately respond to a request for comment.
EBay shares slipped 2.6% in after-hours trading Monday following the announcement. Facebook shares ticked up 0.5%.
The move comes at a time when many analysts believe Facebook is poised to expand into the mobile payments business. The company is hoping to obtain regulatory approval for a mobile payments system in the United Kingdom, The Financial Times reported in April.
Marcus' move to Facebook also comes on the same day that Amazon launched a new service allowing customers to automatically pay recurring charges, such as monthly subscription fees or phone bills, using their Amazon log-in details. The new Amazon Payments feature will go head-to-head with PayPal.
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