Photo via IB Times
For the first time, Facebook Messenger has launched the ability to send and receive money through in-app conversations to users in the United Kingdom.
Users of the Messenger app will now be able to include a payment card to their account, and then directly receive and send money from within conversation threads with their contacts.
In 2015, The tech giant introduced the said feature to users in the United States. However, this is the first time that it has been expanded.
Messenger has over 1.2 billion monthly users from around the world.
The head of Messenger, David Marcus, said that introducing a tool to “socially” transfer small amounts of money had so far proved to be appealing.
“Our research shows the top reasons for sending money include celebrations, social and festive occasions; it’s those everyday moments we’re trying to make a little easier – we’ve seen that in the US most people use payments in Messenger to send less than 50 dollars at a time,” said Marcus.
Facebook said that it takes “extra steps” in order to protect payment information when using their new feature.
All credentials of the users are encrypted and protected with “bank-level security” and payments would be watched closely by anti-fraud specialists. The social network also said that it would work with users in any instances where activities that were unauthorised took place on their account.
As part of the launch of the feature, Facebook has also introduced M suggestions for payments into the Messenger app, which makes use of the artificially intelligent virtual assistant M of the app to identify when a payment is being discussed in a conversation and offer options to send or receive money.
Facebook said that in the coming weeks, the payments feature would roll out to all user of the Facebook Messenger in the United Kingdom.