It looks like Facebook is here to take on PayPal, according to several leaked screenshots, it appears that the company is working on a mobile payment of some sort and it will be integrated into the company’s very own Messenger app. A source of TechCrunch recently sent them several screenshots and a video of a new payment platform built into the current version of Facebook Messenger for iOS.
For now, it looks like users can only send money to their friends. With the payment system activated, sending money to one another is just as easy as attaching a photo to your chat. According to the leaked screenshots, it only accepts debit cards for now, which comes with lower processing fee than credit cards, and are easier to configure than bank accounts. No processing fee is required for this demonstration but this is just a leak so it shouldn’t be surprising to see more payment methods added in the future and of course, some additional charges as well.
It’s been a good few months since Facebook hired David Marcus, who was, until that time, the sitting president of PayPal. He was hired to lead the Facebook’s messaging products so this leak could be his first project. No words have been released on when the final product will be released, but with it already built into the current version of Facebook Messenger for iOS, the launch should not be too far away.
Are you excited to see what Facebook has got to offer? Check out the video demonstration on TechCrunch now.