Facebook introduces a new payment system for WhatsApp, Instagram, and Facebook

Facebook has recently launched “Facebook Pay” to facilitate its users with a convenient, secure and regular payment experience. The service works across Facebook and all Facebook-owned apps such as Messenger, Instagram, and WhatsApp.

Before you think it is related to Libra. This project is completely separate from the Libra crypto project but it surely comes a week after many potential payment partners dropped out of Libra.

Here is how you can use Facebook Pay on Facebook or Messenger:

① Go to “Settings”. Tap on “Facebook Pay” on the Facebook app or website.
② Add a payment method.
③ When next time you need to make a payment, use Facebook Pay.

Soon, you will be able to set Facebook Pay to WhatsApp and Instagram too and will be able to set it directly within each app.

Facebook Pay is expected to roll out on Facebook and Messenger this week in the US for fundraisers.

The facility will also be available for in-game purchases, purchasing event tickets, making person-to-person payments. It can further be used on Messenger and to make purchases from Facebook Marketplace.

“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.” Facebook states.

Read the full scoop on Facebook’s official announcement:
https://newsroom.fb.com/news/2019/11/simplifying-payments-with-facebook-pay/

And, visit the official site: pay.facebook.com.

What do you think?

Will you use Facebook Pay to make purchases and donations? If not, what could be the reason?