Soon, Facebook Messenger will expand to a messaging service that allows money transferring. The social network announced today that users will be able to conveniently and securely send or receive money between friends. Simply add a Visa or MasterCard debit card and setup a PIN to start transferring money. Since security has become increasingly important, especially when it comes to financial items, Facebook says that login approvals can be added for another layer of authentication.
To send money:
- Start a message with a friend
- Tap the $ icon and enter the amount you want to send
- Tap Pay in the top right and add your debit card to send money
To receive money:
- Open the conversation from your friend
- Tap Add Card in the message and add your debit card to accept money for the first time
The money transferring feature will be rolled out in the United States over the coming months. It will work on web, Android, and iOS platforms.
Source: Facebook Newsroom
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