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Facebook Launch New Payment Service Called Facebook Pay

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  • Facebook came up with a new payment system called Facebook Pay on Facebook and Messenger App.
  • The payment service "Facebook Pay" would later be available for use on Instagram and WhatsApp
  • Get real-time customer support via live chat in the US (and in more places around the world in the future)
Facebook launch new payment service called facebook pay
Facebook Pay displayed on App

Facebook is planning to roll out Facebook Pay on Messenger and Facebook starting from the U.S. this week. It will initially be available for fundraises, person-to-person payments, event tickets, in-game purchases, and some purchases from pages and businesses that operate on Facebook's Marketplace.
Over time, we plan to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp. says Deborah Liu, Facebook's vice president of marketplace and commerce.
According to the company in a blog post on Tuesday, you will be able to use Facebook Pay to send money to friends, shop for goods, or even donate to fundraisers. The service is not connected to the former proposed Facebook's new Calibra wallet and the Libra cryptocurrency, and it's "built on existing financial infrastructure and partnerships."

Facebook Pay is been supported by most major credit and debit cards as well as PayPal. Payments are processed in partnership with companies like PayPal, Stripe, and others around the world.

This development came up just after some weeks when payment companies dropped their support for the controversial proposed cryptocurrency project called Libra due to a lack of trust the giant tech company is facing from the government.


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