Facebook to Launch Facebook Pay for Online Retailers in August

Fazzaco learned that Facebook, the social networking giant, plans to launch payments system Facebook Pay for online retailers and e-commerce platforms in August.

Facebook Pay will provide users another option along with existing payments systems like Paypal and Amazaon Pay. It will also help Facebook to collect even more data from the users as they will gain information that not only tells them what users are interested in but also what they actually purchase, for how much and in what quantity and this data is likely to be used by Facebook for its analytics.

Facebook Pay will be using the cards and the bank accounts that the users would have already stored with Facebook and this makes it convenient for the users to make payments at online retailers.

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​Facebook Pay was launched in 2019. It is available across Facebook, Messenger, Instagram, and WhatsApp, and it's designed to facilitate payments across Facebook's popular social networks and apps.