Facebook Users Can Now Send Money To Family, Business Colleagues & Friends Via Facebook App

Facebook has confirmed it's new features which
allows users to send money through the social
network's messenger mobile application., also on
PC.
The new feature lets you add a debit card to the
app and instantly transfer money through
conversations.
It works in the same way as you would share a
photo with a friend – making it easy to pay mates
for tickets or contribute towards a group present.
Facebook explained that it already processes one
million transactions each day through gamers and
advertisers using the social network.
And the company has been quick to address any
fears over security.
"We use secure systems that encrypt the
connection between you and Facebook as well as
your card information when you ask us to store it
for you," the company states.
"These payment systems are kept in a secured
environment that is separate from other parts of
the Facebook network and that receive additional
monitoring and control. A team of anti-fraud
specialists monitor for suspicious purchase activity
to help keep accounts safe."
Facebook's payment system will let you send quick
cash instantly through Messenger when you've
added a Visa or MasterCard card to your account,
you will see the option to pay a friend appear in
conversations on Messenger.
At first, the free service will only be available to
users in the US, but it's likely Facebook will roll it
out globally at a later date.
The service will be available on iOS and Android




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