Don’t love the Libra? That’s cool – Facebook has another innovation.
And it sent their stock up 2.6% yesterday.
Say hello to Facebook Pay.
And PayPal and Apple Pay better watch out.
The new payment service rolls out in the US this week. It can be used in the Facebook app and Messenger. It will emerge on Instagram and WhatsApp later on.
So, what can you use Facebook Pay for?
Fundraisers. In-game purchases. Event tickets. Person-to-person payments. Purchases on Pages and the Marketplace. These are just some of your current options.
And just wait until it’s available globally.
PayPal may feel some pain, but they’re still partnering with Facebook.
“We are pleased to collaborate with them on Facebook Pay, as we share a common vision to make the management and movement of commerce seamless, no matter where, or on what platform, people shop.”
How will it work?
Read more here.