Date
25 November 2017
Facebook cash transfers will be available in the next few months in the US through computers or mobile devices running Android and Apple Inc.'s iOS operating systems. Photo: Internet
Facebook cash transfers will be available in the next few months in the US through computers or mobile devices running Android and Apple Inc.'s iOS operating systems. Photo: Internet

Coming in your next Facebook chat: cash

Facebook Inc. is adding a new feature to its messaging app that allows friends to send and receive money.

The service is linked to a Visa or MasterCard debit card issued by a bank in the United States.

Users simply tap or click a dollar icon in a new chat window to send money to their friends, Reuters reported Wednesday.

The free feature will be available in the next few months in the US through computers or mobile devices running Google Inc.’s Android and Apple Inc.’s iOS operating systems.

Users can create a PIN or enable Touch ID if they have an iPhone to add a level of security to the payments.

Snapchat launched a similar service in November called Snapcash.

The mobile messaging company partnered with online payments company Square to allow Snapchat users to link their debit cards to their account and quickly send money to a contact by starting a chat on a smartphone.

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CG/RA

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