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Facebook enters the world of transactions via mobile phone

Researcher of Stanford University discovered the service " buried " in the current version of the app for iOS

Newsroom October 6 09:35

A report related to some hidden applications in iOS, disclosures information concerning plans of utilizing Facebook Messenger for online financial transactions.
It seems that the most popular social media doesn’t intend to be left out of the smartphone” game” and wants to enter the world of transactions via mobile phone.
After iPhone announced a few weeks ago of its plans for Apple Pay, Facebook decided to head in the same direction.
According to Andrew Odd the researcher from Stanford University who discovered the service ” buried ” in the current version of the app for iOS, with Messenger people will be able to sent money in exactly the same way as sending a picture. While he added, that there is no need even to log in to the bank account.
Further, provision is made for adding credit or debit card account for each user with the ability to send money to friends through messaging, while using a security code (PIN) for protection.
Today, activation of related applications (for example Tap ‘n Pay of Alpha Bank) allows a contactless payment by smartphone with wireless communication via NFC.

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