It should be noted that WhatsApp is owned by Facebook, in case you still did not know this fact. Be that as it may, Mark Zuckerberg's company is betting on the economy, an example is the brittle launch of its virtual currency, and now it has made official the launch of Facebook Pay, the alternative to Bizum and other mobile payment systems that will come to WhatsApp, Facebook Messenger, InstagramHow good would it be for you to make a mobile payment to your friends through Instagram or WhatsApp when you are sharing a dinner? Of course, if Facebook knows how to do things well, it can become popular quickly.
To make Facebook Pay work, we simply have to link a bank card, either debit or credit, as well as the possibility of using PayPal as a source of "money." In short, Facebook Pay would basically become a gateway, in essence it would end up working as Bizum, with the advantage that it will be fully integrated into popular and everyday applications such as WhatsApp and Instagram. Undoubtedly, the great beneficiaries of this position would be the businesses that move through Social Networks and undoubtedly the Facebook Marketplace point of sale that basically works as Wallapop.
It is really going to cost Facebook users to bet on a company payment platform, especially considering the latest privacy scandals that Mark Zuckerberg has been dragging since last year. Nevertheless, Taking into account the size of the company and the huge number of engineers working on Facebook, we shouldn't fear too much either, at least at the security level (privacy is another matter). In theory, Facebook Pay stores and securely encrypts the card, and for now it will be totally independent from Calibra, Facebook's virtual currency.