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Facebook Transforms Messenger App Into A Money Transfer Tool

March 18, 2015: 12:00 AM EST
Social networking site Facebook added a feature to its Messenger app that lets people transfer money to their friends. To be introduced in the United States for Android, iOS, and desktop computers, the feature will let consumers send money in real time. Depending on bank clearing times, the money can take up to three days to be available. Facebook processes more than 1 million transactions daily, as well as manages all payments processed on Messenger, which has been used by game players and advertisers since 2007.
Karl Flinders, "Facebook introduces friend-to-friend payment system", ComputerWeekly.com, March 18, 2015, © TechTarget
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