Facebook Pay: payment service for WhatsApp, Instagram and Facebook

Facebook has joined the trend of payment systems by announcing Facebook Pay.

What it is

Facebook Pay is

a service that allows you to safely commitpurchases and transfer money without commissions between users on WhatsApp, Instagram, Facebook and Facebook Messenger. Payments inside these applications existed before, but now they will be displayed in one place with a common history and settings.

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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.

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