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Facebook introduces person-to-person payments service in UK

BBR Staff Writer Published 07 November 2017

Facebook has introduced a person-to-person payments service in the UK, allowing its users to send money to each other.

US-based online social media giant is providing the peer-to-peer payments service through its messaging app Messenger in the country.

Through linking accounts to the debit cards, the customers can instantly send funds to each other by using mobile phones or computers without any charges.

Facebook introduced the similar kind of service in the US in 2015,, which allowed to send amount of around $50 (£38).

In the UK, customers can send around £2,500 at once and maximum of £10,000 in a month through the app.

To use the service, users need to tap pay feature, enter the sum and send to the required person.

Facebook Messenger head David Marcus said the new service is being launched to increase the usage of Messenger.

Facebook is launching the new service before Apple introducing a peer-to-peer payments service on the iPhone through its iMessage app.

The service can be initially used by people who are Facebook friends, and will not compete with any other similar kind of service.

In April 2016, TD Bank announced the using of Facebook Messenger to provide customer service, enabling live support over any connected device almost instantly.

TD bank is offering customer service over Messenger, which connects over 900 hundred million people on a monthly basis.

Based in Toronto, TD Bank Group is the first bank to offer Facebook Messenger customer service.

Image: Facebook users can send funds to each other by using mobile phones or computers through using Messenger app. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.