Facebook is launching a new payments system named Facebook Pay. It will be available across Facebook, Messenger, Instagram, and WhatsApp. The feature is designed to facilitate payments across Facebook’s popular social networks and apps. You’ll be able to use Facebook Pay to send money to friends, shop for goods, or donate to fundraisers.
The service will be separate from Facebook’s new Calibra wallet and the Libra network. Facebook Pay arrives just weeks after many payment companies dropped out of Libra. Facebook is planning to start rolling out Facebook Pay on Messenger and Facebook in the US this week. It will initially be available for fundraisers, person-to-person payments, event tickets, in-game purchases, and some purchases from pages and businesses that operate on Facebook’s Marketplace.
In a statement, Facebook’s vice president of marketplace and commerce, Deborah Liu, stated, “Facebook Pay is part of our ongoing work to make commerce more convenient, accessible and secure for people on our apps. We’ll continue to develop Facebook Pay and look for ways to make it even more valuable for people on our apps.”
Facebook Pay will be available in the settings section of the Facebook or Messenger apps, and it will support most debit and credit cards and PayPal. Facebook is also using Stripe, PayPal, and others to process these payments. Facebook isn’t revealing exactly when Facebook Pay will be available across all of its apps, or when it will launch internationally.