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Technology Facebook’s Consolidation Moves Ahead With Payments Tools

23:56  12 november  2019
23:56  12 november  2019 Source:   bloomberg.com

Google Expands Digital Payments Push in India

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Facebook Inc. is consolidating its various payments features into a single product with a new name, with plans to roll it out across all of the company’ s apps. The move comes as Facebook is integrating its services, especially the messaging applications, so that users can easily move between

(Reuters) - Facebook Inc (O:FB) said on Tuesday it was launching Facebook Pay , a service that will help consolidate payments tools across its social media platforms including Whatsapp and Instagram. The company said the service allows users to send money or making a payment , while giving them

(Bloomberg) -- Facebook Inc. is consolidating its various payments features into a single product with a new name, with plans to roll it out across all of the company’s apps.

Facebook Pay is a rebranding of a number of existing payment features into one user experience across the social network’s apps, the company said Tuesday. You can already make payments in the form of donations and in-app purchases inside various Facebook-owned products, and soon you’ll be able to do that across Facebook’s apps through one system that will store user credit and debit cards.

Facebook Pay is a new payment system for WhatsApp, Instagram, and Facebook

  Facebook Pay is a new payment system for WhatsApp, Instagram, and Facebook Facebook Pay arrives just weeks after payment companies dropped out of LibraFacebook 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. “Over time, we plan to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp,” explains Deborah Liu, Facebook’s vice president of marketplace and commerce.

Facebook ’ s Consolidation Moves Ahead With Payments Tools . Merck’s Ebola Vaccine Ervebo Prequalified by WHO. The documents concerned a mandatory tool that was recently installed on the Google Chrome browser on workers’ computers, the employees said.

Facebook ’ s Consolidation Moves Ahead With Payments Tools . Merck’s Ebola Vaccine Ervebo Prequalified by WHO. Pemex Faces Payment Problems After Cyber Attack Shut Down Sy

The move comes as Facebook is integrating its services, especially the messaging applications, so that users can easily move between apps and understand Instagram, WhatsApp and Messenger are owned by the same company. Facebook introduced new corporate branding earlier this month to give more clarity on what products it owns, and the company is unifying its three messaging services so users of one can send messages to people on the others.

Some critics have said these efforts are a way for Facebook to defend itself against a possible breakup. The company is under antitrust scrutiny from multiple regulatory agencies, and the idea of unifying its branding, and its messaging and payments products, could be an effort to keep regulators from trying to spin off parts of the Facebook empire.

Facebook Pay lets you buy goods and send money inside Facebook's apps

  Facebook Pay lets you buy goods and send money inside Facebook's apps Libra isn't Facebook's only big leap into the payment world. The social media giant has unveiled Facebook Pay, its bid at simplifying both purchases and money transfers. Once you've set a payment method, it's theoretically quick and easy to buy tickets, shop on Marketplace, contribute to fundraisers or cover your share of last night's pizza. You can set it up on an app-by-app basis, but Facebook also lets you set it up across apps -- a one-time setup could make it useful across Facebook's ecosystem. The core app and Messenger will support Pay in the US this week, while Instagram, WhatsApp and more countries are in the pipeline.

Facebook , the world' s most used social-networking site, will soon move ahead with revised rules for how it operates following a row with users earlier this year. The company' s new guiding documents, called the Facebook Principles and Statement of Rights and Responsibilities, will be adopted

Consolidated Credit Facebook Page Facebook (17,324 Likes) Consolidated Credit Twitter Page When traditional monthly payments don’t work, credit card consolidation can be an effective A credit card balance transfer consolidates credit card debt by moving your existing balances to a new

People won’t be able to use Facebook Pay to hold cash, but can use it to store their credit or debit card information for easier use. Existing payments partners like Stripe Inc. and PayPal Holdings Inc. will continue to process payments for the Menlo Park, California-based company. Facebook is rolling out Facebook Pay to its core social network and Messenger in the U.S. beginning this week, with plans to bring it to Instagram and WhatsApp down the line as well.

Facebook is also building a separate digital wallet, called Calibra, for storing and spending its proposed digital currency Libra. That wallet doesn’t yet exist and a Facebook spokeswoman said it is a separate effort from Facebook Pay.

--With assistance from Julie Verhage.

To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Sarah Frier in San Francisco at sfrier1@bloomberg.net

To contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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