Facebook Allows Social Payments Outside US
Facebook Inc. is enabling people outside the U.S. to send money to each other via its Messenger texting app for the first time.
The social network said Monday that Messenger users in the U.K. will be able to send money to each other when the feature rolls out in the next few weeks. People will need to sign up with their debit cards to send or receive money.
“In the U.S. most people use payments in Messenger to send less than $50 at a time,” David Marcus, head of Messenger, said in a statement, adding that the feature is most commonly used during social occasions.
Facebook began letting its users in the U.S. send cash to each other in 2015 but doesn’t charge for its use. The move is part of an increasing trend by tech giants to muscle in on the global payments industry.
Apple Inc.’s forthcoming Apple Pay Cash will let the company’s device owners send money to each other through its iMessage service. Square Inc. has a similar product called Square Cash, and PayPal Holdings Inc.’s Venmo has been a popular choice for younger users in particular.
https://www.bloomberg.com/news/articles/2017-11-06/facebook-to-make-mobile-payments-service-available-outside-u-s