Facebook takes on Venmo with new payments tool that can be used across its family of apps

Facebook Pay is a major step towards Facebook's goal of linking Instagram, Messenger and WhatsApp together.

In a

on Tuesday, the company said the new service, called Facebook Pay, will allow users to securely send payments to others. Facebook Pay accepts most major credit and debit cards, as well as PayPal.through the Messenger app. But with Facebook Pay, users will be able to send money via other Facebook apps. To start, it's rolling out on the core Facebook and Messenger apps, but will be added to Instagram and WhatsApp in the future.

"People already use payments across our apps to shop, donate to causes and send money to each other," the company said. "Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected." The company noted that Facebook Pay is separate from Calibra, its yet-to-be-launched digital wallet. Calibra is part of libra, Facebook'sIt's also a step towards Facebook's goal of linking its family of apps together. Earlier this year, Facebook said it's working on a way to allow WhatsApp, Instagram and Messenger users send messages to each other.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook users are noticing a bug that lets the app access their iPhone's camera while they're scrolling through their newsfeedA real-time view from the iPhone's camera appears in the Facebook app when a user clicks on an ad and then rapidly clicks on a different app element.
Read more »

Wag's dog walkers are secretly rating your precious pet - Business InsiderWag, an app that lets you book a dog walker on demand, is testing a new app feature that lets walkers rate their experience walking your dog.
Read more »

FYI, Your Instagram “Likes” Might Start Disappearing SoonWe talked to some students and young creatives about the possible change.
Read more »

Tech boss caught sending explicit Snapchat messages to underage girls avoids jailAustin Kitchen, 36, used the social media app to try and lure three teenage girls into performing sexual acts by showering them with numerous gifts and sending pictures of his expensive cars.
Read more »

Tool Adds New 2020 Tour DatesTool is extending their tour by adding a string of 2020 North American dates.
Read more »