Daily Trends Now
Daily Trends Now


Facebook Messenger's money transfer tool is heading to the UK

Facebook Messenger's money transfer tool is heading to the UK

"A lot of public services require a form of conversation so if you can do it in the form of Messenger and add payments on top of things, I think it would be a really good customer experience".

Facebook appears keen to highlight the security credentials of its P2P payment system, noting that debit card details will be encrypted and protected with bank level security.

"Our research shows the top reasons for sending money include celebrations, social, and festive occasions; it's those everyday moments we're trying to make a little easier - we've seen that in the U.S. most people use payments in Messenger to send less than $50 at a time", said head of Messenger David Marcus. It's the first time Facebook has launched the feature outside of the US.

According to Facebook, money will be transferred right away but may take few days to reflect in the account of the receiver. However, all the major banks and credit card companies are taking part.

What is Facebook Messenger payments?




All you'll need to do is bring up a message chain with one of your Facebook friends, tap "+" and then hit the green Payments icon. Allowing users to make payments in the main app would give them greater flexibility in arranging to pay for products in Facebook's new Marketplace section that acts as a virtual garage sale similar to Craigslist. Facebook Messenger also lets you send payments through PayPal and introduced a group payment option earlier this year.

From there, users can tap the Pay button and add their debit cards. Facebook doesn't charge a fee.

Today we're adding one of the most requested features in Messenger to two new countries by introducing peer-to-peer payments to people in the United Kingdom and France.

So you'll be able to link when you sent over money to the relevant conversation with that person and also avoid the embarassment of having to chase them up for money if they owe you.

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