Facebook introduces new payments system for Messenger, Instagram and WhatsApp users

New payments system Facebook Pay has been introduced to provide people with a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp. 

People already use payments across Facebook apps to shop, donate to causes and send money to each other. Facebook Pay will make these transactions easier while continuing to ensure payment information is secure and protected.

With Facebook Pay, you can:

Facebook Pay will begin rolling out on Facebook and Messenger this week in the US for fundraisers, in-game purchases, event tickets, person-to-person payments on Messenger and purchases from select Pages and businesses on Facebook Marketplace. And over time, Facebook plans to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp.

How it works:

Once Facebook Pay is available on WhatsApp and Instagram, users will be able to set it up directly within each app.

Facebook Pay supports most major credit and debit cards as well as PayPal. Payments are processed in partnership with companies like PayPal, Stripe and others around the world. Facebook Pay is built on existing financial infrastructure and partnerships, and is separate from the Calibra wallet which will run on the Libra network.

Re-disseminated by The Asian Banker from fb.com newsroom

 

 

 

Diary of Activities
Finance Vietnam 2020
13 February 2020 | Vietnam
Seoul 5G in Finance Study Tour
16 - 20 March 2020 | South Korea
Finance Middle East 2020
15 April 2020 | UAE