August 24, 2016
Facebook Rolls Out Payments for Messenger
July 2, 2015
Facebook yesterday rolled out to the entire U.S. a P2P payment system through its Messenger app. Users that link a debit card can send cash through the app to any other Messenger user. The funds go directly from the sender’s bank account to the recipient’s. Payments are initiated within a conversation by tapping a “$” icon that will be on screen. The recipient accepts the payment by opening the message from their Facebook friend and tapping “confirm.”
The rollout was announced on the Facebook page of David Marcus, the company’s head of messaging products and former president of PayPal. The company began piloting the feature in select markets, including New York City, in March . Facebook announced in June that Messenger now has 700 million users worldwide.