Facebook’s new tool facilitates peer-to-peer payments in the Messenger mobile app.
(Bloomberg) — Facebook Inc. is giving users the ability to send money to friends through its Messenger application, building off the expertise of a former PayPal executive that the social network hired last year.
The new tool will be rolled out in the coming months in the U.S. for desktop computers and Google Inc.’s and Apple Inc.’s mobile platforms, Facebook said Tuesday on its website. The move had been expected after the Menlo Park, California-based company last June hired David Marcus, formerly the president of PayPal, to lead the social network’s messaging group.
