The US social media company Facebook is preparing to launch the payment feature Facebook Pay soon. Through this, users will be able to send money from Messenger, WhatsApp, and Instagram. Under this service, users will be able to send money through security options like smartphone PIN or biometrics. The company's CEO Mark Zuckerberg said that earlier this year the company was planning to unify all platforms. Let's know in full detail
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In its statement, Facebook said that after the new service payment, it will collect user information like payment method, date, billing and contact details. This data will be used to show advertisements to users. If seen, Facebook's advertising service has been in the headlines for many years. Because this privacy and user data have also been disliked to use. Facebook Pay will be made available on Facebook and Messenger in the US from this week. It can be used for donations, in-game purchases, event tickets and person to person payments. Facebook Pay will provide a single system for any transaction. This will keep the data of the users like credit card numbers etc. safe.
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If we talk about Facebook Pay, then Facebook marketplace and Vice President of Commerce, Deborah Liu said that work like payment or donation on Messenger, WhatsApp and Instagram will be managed by the Unified Facebook Pay system. He further said that people use such service to donate, do shopping or send money to someone. Apart from this, WhatsApp is also preparing to launch a UPI based payment service soon. The company is fulfilling all the demands made by the Government of India regarding this. After the launch of this service, PayTm can get a big shock as its users are 230 million which is much less than WhatsApp.
