Facebook launches new payment system
Facebook has launched a new payment system known as Facebook Pay which will be available across Facebook, Messenger, Instagram, and WhatsApp.
The payment system has been designed to facilitate payments across Facebook’s popular social networks and apps.
The payment method will allow people to send money to friends, shop for goods, or even donate to fundraisers.
The service will be separate from Facebook’s new Calibra wallet and the Libra network, and its “built on existing financial infrastructure and partnerships,” according to the company.
Facebook Pay will be available in the settings section of the Facebook or Messenger apps, and it will support most debit and credit cards and PayPal. Facebook is using Stripe, PayPal, and others to process these payments.