[caption id="attachment_168320" align="aligncenter" width="171"] via Facebook[/caption] Facebook has enabled group payments on its Messenger platform, the social network said in a blog post Tuesday. Users can now send and receive money between chat groups using the Messenger app on desktop and Android phones. Currently, Messenger payments only work in the US. Users will have to connect their debt cards to Messenger the first time they make or receive a payment. Card details are saved on Messenger. The company claims it uses encrypted systems to save user and card details. Users also have the option of adding a password for future transactions. Facebook claims, the new feature will help people when everyone in the group is splitting a bill or pitching in to fund or buy something. Payments and Facebook Facebook brought in David A Marcus, the former vice president of PayPal, to lead its messaging services in 2014. A year later, in March 2015, Messenger began peer-to-peer payments. Marcus has clarified in an interview to Recode that Facebook will not take cuts for payments and will instead focus on advertising to monetise. “Advertising is great. It’s a fantastic business. You [still] need to enable payments and all that kind of stuff to remove friction from the experience when someone wants to buy something. If you do that, then the value of that conversation for the business increases,” he was quoted. Platforms and payments Forays by social networks in the payment space has mostly been damp squibs, with the exceptions of Apple Pay and WeChat. Twitter shut down…
- Petition in Madras HC Seeks to Restrict Minors from Online Gambling Sites and Apps November 30, 2022
- Online filing of consumer complaints mandatory from April 2023 November 30, 2022
- DPDP Bill, 2022: Experts Say Withholding Public Feedback Is Problematic, Call For Improved Consultations November 30, 2022
- India’s central bank launches pilot of e-Rupee for retail segment: Here’s everything to know November 29, 2022
- Event Announcement: Reworking the Data Protection Bill, Delhi, 8th Dec #Ad November 29, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...