#Facebook rolls out Messenger payments nationwide
By 2019, Forrester Research predicts mobile person-to-person (P2P) payments in the U.S. will total $17 billion. That’s up from $5 billion in 2014. Mobile-payment users in the U.S. are expected to reach 36 million next year.
Naturally, Facebook wants a piece of the pie. The social media giant recently announced its Messenger payments service is now available to all users across the U.S. The payments platform was previously only available in select markets, like New York City.
Facebook Messenger is a mobile and online chatting service that allows users to send chats between friends. Facebook announced in June the service now has 700 million users, up from 600 million in March and 500 million in November. These users can now make P2P payments by adding their debit card to Facebook Messenger in a few taps. Money can then be transferred from one user’s checking account to another user’s checking account.continue reading »