Facebook has joined the trend of payment systems by announcing Facebook Pay.
What it is
Facebook Pay is
The system supports most credit and debit cards, as well as PayPal. Payments will be processed by Facebook partners: Stripe, PayPal and others.
“People already use payments in our applications,to shop, donate and send money to each other. Facebook Pay will simplify these transactions by ensuring the security and protection of your payment information, ”writes Deborah Liu, Vice President of Market and Trade
When to expect
The Facebook Pay service this week will work in the USA. Later, the company plans to launch it in other countries.