Say Hello to Mobile Payments Over Facebook Messenger The new features allows friends to send and receive money over the social network.

By Reuters

This story originally appeared on Reuters

Reuters | Valentin Flauraud

Facebook Inc said it is adding a new feature to its messaging app that allows friends to send and receive money through it.

Users can tap or click a dollar icon in a new chat window to send money to their friends, after they link a Visa or MasterCard debit card issued by a U.S. bank to their accounts.

The free feature will roll out over the next few months for users in the United States who access Facebook Messenger through desktop computers or Google Inc's Android and Apple Inc's iOS operating systems on mobile devices.

Users can create a PIN or enable Touch ID if they have an iPhone to add a level of security to the payments.

Snapchat had launched a similar service last November, called Snapcash.

The mobile messaging company partnered with online payments company Square to allow Snapchat users to link their debit cards to their account and quickly send money to a contact by starting a chat on a smartphone.

(Reporting by Anya George Tharakan in Bengaluru)

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business News

Chipotle's AI Tool 'Ava Cado' Is Cutting Hiring Time by 75%, According to the Company's CEO

Candidates can now go from application-to-hire in three and a half days. It used to take 12.

Business News

AI Will Create More Millionaires in the Next 5 Years Than the Internet Did in 2 Decades, According to Nvidia's CEO

Nvidia CEO Jensen Huang said that AI enables people to create new things, generating more opportunities to produce revenue.

Starting a Business

Her Self-Funded Brand Hit $25 Million Revenue Last Year — And 3 Secrets Keep It Growing Alongside Her 'Mischievous' Second Venture: 'Entrepreneurship Is a Mind Game'

Raised in a "very BIZ Experiencesial" family, Tanya Taylor always dreamed of starting a business of her own.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Franchise

Benefit From Strong Brand Awareness with a Moe's Southwest Grill Franchise

Franchisees benefit from robust training, ongoing operational support, and national marketing initiatives powered by industry-leading franchisor Goto Foods.

Business News

Gwyneth Paltrow Closes the Loop on the Astronomer, Coldplay Concert Scandal

Unicorn tech company Astronomer decided to make fun of its viral week by hiring a famous ex-wife.