Facebook launches e-wallet service ‘Facebook Pay’, can be paid online with Messenger, WhatsApp and Instagram
This payment service offers a single system for online transactions
Online payment bookings, donations and personal to personal transactions can be done through ‘Facebook Pay’.
n view of the increasing trend of digital payments, Facebook has launched its e-wallet service ‘Facebook Pay’. Initially this payment service has been made available only on Facebook and Messenger. It will be launched soon for WhatsApp and Instagram. The service is currently launched in the United States.
Security
The payment service provides the user with PIN and biometric security as a security option. This payment service offers a single system for online transactions. So the user’s personal data is protected. The online payment
The service allows shopping, online ticket booking, donation and personal to person transactions.
Facebook and Instagram have become business platforms. Facebook has launched this service to ensure that users do not need another online payment service. This service does not require frequent filling in for user payment method.