Facebook is making a giant leap into the payments arena by introducing Facebook Pay into all of its apps like Messenger, WhatsApp, and Instagram. The social media giant already lets you send and receive money to your contacts through Messenger but the latest move is aimed to deliver better access and to keep track of payments across all of its apps.
Facebook plans to release the new feature first on Facebook and Messenger in the US before it comes to Instagram and WhatsApp. According to the company, Facebook Pay users will be able to track all their payments history across these multiple-platforms in one place.
The latest feature may be Facebook’s idea to unite its mobile apps under one roof and Facebook Pay seems to fulfill exactly that. Reports are that Facebook has been working on a way to let users on Messenger, WhatsApp, and Instagram send messages to one another without switching between apps. The social media giant had recently altered its corporate logo to have better visibility.
The company has already been testing payment through WhatsApp in India but there has been no official announcement on when they plan to release this all over the world. According to a Facebook spokesperson, Facebook Pay will not charge any fees for sending and receiving money from friends and family.