Facebook Pay launched; to be available on WhatsApp and Instagram later



Facebook has launched a new payments system that will work across its app ecosystem -- Facebook, Messenger, Instagram and WhatsApp.
Appropriately named Facebook Pay, it will begin rolling out on Facebook and Messenger this week in the US for fundraisers, in-game purchases, event tickets, person-to-person payments on Messenger and purchases from select Pages and businesses on Facebook Marketplace.
"Over time, we plan to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp," Deborah Liu, Vice President, Marketplace and Commerce at Facebook, said in a statement late Tuesday.
Facebook Pay supports most major credit and debit cards as well as PayPal.
The social media giant said Facebook Pay is built on existing financial infrastructure and partnerships, and is separate from the Calibra wallet which will run on the Libra network, the company's digital currency.
You can start using Facebook Pay on Facebook or Messenger with just a few taps.
Go to "Settings," then "Facebook Pay" on the Facebook app or website, add a payment method and the next time you make a payment, use Facebook Pay. Read More

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