With Apple Pay expected to be available within the next month or so, heads have turned to the world of social media now to see who is likely to be following suit. Rumour has it Mark Zuckerberg’s brainchild, Facebook, will be the next to do so.
There have apparently been some recently linked screenshots that were obtained by Techcrunch that suggest the social media site will be using its Facebook Messenger feature to allow friend-to-friend payments. The images have supposedly been taken using iOS app exploration developer tool Cycript by Andrew Aude, a Stanford computer science student
The app will apparently allow users to add a debit card and send money in a similar way in which they would use Facebook Messenger to send photos and videos. Seemingly, there is also an in-app pincode that will help to dispel any fears about payment security for users.
For now, payments will be limited between just two people, although a note in the code that was unearthed explains “Multiple payment attachments will be supported in the future.”
Interestingly enough, Facebook’s new head of Messenger is David Marcus, who was formerly the president of PayPal. It may just be coincidence, but this seems to point further towards Facebook acquiring this new feature. It will now be up to Mr Marcus to decide whether or not the company will charge a fee for using the money transfer feature, or instead use it to to continue people using Facebook Messenger as an app in itself. Given the popularity of Whatsapp, this may perhaps ring true.
None of this is really surprising given Mr Zuckerberg himself saying on the company’s Q2 earnings call that ”over time there will be some overlap between [Messenger] and payments. […] The payments piece will be a part of what will help drive the overall success and help people share with each other and interact with business.”