Facebook Pay is a new payment system launched by the large social networking company owned by Mark Zuckerberg. By cooperating with its two famous partners, namely PayPal and Stripe, Facebook hopes that the service can make it easier for users to make online transactions. This includes direct money transfers from the application.
Meanwhile, Facebook Pay is only applicable across Facebook Inc's cross-platform, namely Messenger. However, according to news circulating, the social media networking giant plans to reach out to their other platforms, such as WhatsApp and Instagram. The presence of Facebook's payment system is part of the company's efforts to integrate one application with another. According to the facts that are circulating, the expansion of payments through social networks that are owned is to deal with privacy issues which have been criticized by approximately 2.5 billion Facebook users.