After rumors and new hires, Facebook has confirmed its messaging app will support payments.
The news was announced on July 23rd after an investors call. CEO Mark Zuckerberg stated that payments and the new spun off messaging application Messenger will eventually “overlap”.
The rumor-mill was set ablaze after Facebook announced it has hired PayPal CEO David Marcus to head its messaging division. Marcus’ history at PayPal is similar, heading its mobile department in 2011 after mother company eBay acquired his mobile-payments startup Zong. He quickly became president of the payment firm, focusing primarily on PayPal’s mobile efforts as of late.
Stocks to Watch This Week – Expedia Group, IncGo to article >>
Recently Facebook has made it mandatory to have the Messenger app installed in order to send messages on smartphones and tablets. The service was once integrated into the primary Facebook application, with Messenger as an option.
Facebook also acquired popular messaging application WhatsApp in February, but there was no mention of newly added features. Since it was bought out for a staggering $16 billion, it was mentioned numerous times that the applications will remain separate for the time being.
What are your thoughts? Would accept or receive payments through Facebook Messenger if it was available? Let us know by leaving a comment is the comment section below.