Facebook Rolls Out Cross-Platform Payment Feature
November 12 2019 - 1:27PM
Dow Jones News
By Dave Sebastian
Facebook Inc. (FB) introduced a payment feature Tuesday across
Facebook, Messenger, Instagram and WhatsApp, all of which the
company owns.
The payment method, called Facebook Pay, would allow users to
enter payment information once for use on Facebook apps, the
company said, adding that users could also choose to enter payment
details for each individual app.
Facebook Pay would be available this week in the U.S. on
Facebook and Messenger for fundraisers, in-game purchases, event
tickets, person-to-person payments on Messenger and purchases from
select pages and business on Facebook Marketplace, the company
said.
The feature would be available on Instagram and WhatsApp over
time, Facebook said.
Facebook Pay would operate separately from the Calibra wallet on
libra, the company's cryptocurrency-based finance network, Facebook
said. Lawmakers, central bankers and regulators have expressed deep
concerns about the libra project.
News Corp, owner of The Wall Street Journal, has a commercial
agreement to supply news through Facebook.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
November 12, 2019 13:12 ET (18:12 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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