Facebook Pay
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Facebook Pay is now Meta Pay, and hopes to be the metaverse's digital wallet
Facebook Pay is becoming Meta Pay.
Facebook Pay will soon become Meta Pay
The company is in the very early stages of planning for a single wallet experience.
Facebook Pay buttons are coming to online stores in August
Facebook is bringing support for its payments platform to online retailers starting in August.
Facebook Messenger adds custom QR codes for Facebook Pay transactions
Facebook Messenger now supports Venmo-like QR codes and personalized links for person-to-person payments with Facebook Pay.
Apple won’t collect fees on paid Facebook events until 2021
Apple won't charge its 30 percent commission on paid Facebook events through December 31st.
Facebook forms financial group to focus on payments
Facebook has decided to delve deeper into commerce with the creation of a new group focused on payments.
Instagram's redesigned shopping hub goes live in the US
You might have noticed that Instagram has an area called ‘Shop.’ Thankfully, Facebook is rolling out a major revamp called Instagram Shop that looks, well, exactly how a modern e-commerce platform should in 2020. Facebook is serious about the new spruced up section.
Tech companies won’t become banks, but they’ll pretend to
Silicon Valley has already eaten plenty of industries, from camera and newspaper businesses to watches and even flashlights. Now, Big Tech appears to be turning its attention to banking. But don't expect Facebook or Google to launch their own banks. According to the experts, this sudden play for financial services is about your loyalty, not their competition.
Don’t underestimate the power of Facebook Pay
Facebook's built payment platforms before, but they didn't take off in the way that the company wanted or needed. The mistake would be to assume that Facebook Pay, the social network's new e-commerce system, will fizzle in the way its predecessor did. It won't, because Facebook Pay is not only about helping users split the bill but also securing Facebook's future.
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.
