BFC Bulletins Monthly News Digest
Facebook has introduced Facebook Pay, a unified online payment system for Facebook, Instagram, Messenger and WhatsApp. Facebook Pay is designed to simplify transactions made through the sites while also ensuring that payment data is secured. The new payment service, which supports most payment cards and PayPal, will first be piloted in the U.S. before being rolled out in other areas of the world.
It should be noted that Facebook Pay is not connected with Facebook’s Libra cryptocurrency nor the Calibra online wallet, both of which have faced major setbacks as Visa, Mastercard and PayPal have all withdrawn from them.
