Facebook announced a payment service unifying its suite of social networking apps even further.
The feature is presently live on Messenger and Facebook for users in the US.
Facebook Pay will let users send and receive money and also keep track of their payment history.
Want to modernise your banking loan application?
Build an application that analyses credit risk with #IBMCloud Pak for Data on #RedHat #OpenShift
Click here to know moreAdvertisements
After dabbling around with payment services for a while, Facebook announced a new service called Facebook Pay that will allow users to send, receive and keep track of transactions across all of Facebook’s properties which includes Messenger, Instagram, WhatsApp and Facebook. The service will be live in the US for Facebook and Messenger first, before coming to Instagram and WhatsApp.
Facebook Pay will live inside the two social networking apps and will let users see their payment history across all apps in one place.
“People already use payments across our apps to shop, donate to causes and send money to each other. Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected,” Deborah Liu, Facebook’s Vice President of Marketplace and Commerce wrote in a blog post.
The payment service is Facebook’s way of bringing the four apps to a closer knit system, despite calls to break the company up. In fact, the company is also working on bringing a unified messaging platform to integrate DMs on WhatsApp, Instagram and Messenger so that users don’t have to switch apps. Then the company also unveiled a new corporate logo that will show up on all the platforms it has acquired over the years.
For people in the US, the service can be accessed by going to Settings and then to Facebook Pay. The service will let you send and receive money from other users, pay for tickets, donate to fundraisers and buy games. Furthermore, you can use Facebook Pay to pay for services directly from Pages or Marketplace This could be done earlier as well, but now the activity is clubbed under the Facebook Pay banner.
The company did not disclose when Facebook Pay will come to Instagram and WhatsApp, or when it will roll out to other markets. However, Facebook has been testing UPI payments on WhatsApp in India. Facebook will not charge a fee to send or receive money using the service.
Popular Mobile PhonesView All
Hot DealsView All
Digit caters to the largest community of tech buyers, users and enthusiasts in India. The all new Digit in continues the legacy of Thinkdigit.com as one of the largest portals in India committed to technology users and buyers. Digit is also one of the most trusted names when it comes to technology reviews and buying advice and is home to the Digit Test Lab, India's most proficient center for testing and reviewing technology products.
We are about leadership-the 9.9 kind! Building a leading media company out of India.And,grooming new leaders for this promising industry.