Mumbai: Facebook on Tuesday introduced Facebook pay, which will become a convenient, consistent and secure method of payment across Facebook, Messenger, Instagram, and Whatsapp. It will be handled by a unified Facebook Pay system, according to marketplace and commerce vice president Deborah Liu.
The payment information will remain secure and protected along with an easier transaction method.
Payments in Facebook apps are processed in partnerships with PayPal, Stripe and other online financial transactions platforms around the world, and are separate from a Calibra digital wallet being built to handle a proposed Libra cryptocurrency, according to Liu.
With Facebook pay you can:
Add your preferred payment method once, then use Facebook Pay wherever available to make payments and purchases on FB apps, instead of having to re-enter your payment information each time.
Set up Facebook Pay app-by-app, or choose to set it up for use across apps (where available) — that means we won’t automatically set up Facebook Pay across the apps you are active on, unless you choose to do so.
View payment history, manage payment methods and update your settings in one place.
Get real-time customer support via live chat in the US (and in more places around the world in the future).
Clearly, understand which payment services are part of Facebook.
"This week facebook pay will be rolled out 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. In the future we plan to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp." said Facebook
Read more: Amazon launches 'Project Zero' in India to block counterfeits
