updated take:
Facebook experiments with a new split payments function within the United States landscape.
Gist:Facebook Messenger is testing a division-of-payments option within its app for U.S. residents, Facebook announced on Friday. No arrival date for broader availability has been disclosed yet.
Deets:Simply click the "Get Started" option in a group chat or the Payments Hub in Messenger, and you can divide a bill or change each person's contribution amount, the company revealed. Personalized messages can be added, and you'll confirm the details before sending a payment request visible in the group chat thread.
Intriguing Insights: meta is really diving deep into users' social and financial routines. Two years ago, Facebook Pay got seamlessly integrated across Messenger, Instagram, and WhatsApp. More recently, a QR code-based P2P payment system was tested using Facebook Pay for easy money transfer across these platforms.
If sharing food bills, household costs, or even rent payments has you stressed, get ready for some relief! According to the announcement, Facebook Messenger's new feature will make payment-splitting a breeze.
Fun fact! Payment heavyweights like American Express have partnered with PayPal and Venmo to help their customers split bills with ease, just like Facebook Messenger is aiming to do.
Current Scene:The surge in popularity of peer-to-peer payments in the US is unmistakable. Last year, P2P payments volume hit an astounding $393.9 billion, a 5% increase from the previous year. Experts predict that this number will reach $538.7 billion by the end of 2022.
So, keep an eye on these developments and embrace the convenience of hassle-free payment splitting on Facebook Messenger!
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