Facebook Pay launched, Will available on WhatsApp and Instagram later



Facebook has launched a new payment system that will work across its app ecosystem -- Facebook, Messenger, Instagram, and WhatsApp.


Facebook Pay, it will use for 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.

Facebook Pay supports most major credit and debit cards as well as PayPal.
"Over time, we plan to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp," Deborah Liu, Vice President, Marketplace and Commerce at Facebook, said in a statement late Tuesday.
The social media expert said Facebook Pay is built on existing financial infrastructure and partnerships and is separate from the Calibra wallet which will run on the Libra network, the company's digital currency.

"With Facebook Pay, we're continuing to invest in security. We designed Facebook Pay to securely store and encrypt your card and bank account numbers, perform anti-fraud monitoring on our systems to detect unauthorized activity and provide notifications for account activity, a said Liu.
You can use Facebook Pay on Facebook or Messenger with just a few steps.

  • Go to "Settings," then "Facebook Pay" on the Facebook app or website, add a payment method and the next time you make a payment, use Facebook Pay.
You'll be able to set it up directly within each app, Once Facebook Pay is available on WhatsApp and Instagram.
Facebook said it has processed more than $2 billion in donations alone since it launched the first fundraising tools in 2015.
The users can add a PIN or use device biometrics, such as touch or face ID recognition, for an extra layer of security when sending money or making a payment.
Conclusion: Facebook Pay comes with more features, it is more secure and very easy to use.

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