Category: Apps

Facebook has announced a new service that will be available for the Messenger app

Facebook is making its first official entry into the mobile payments space. The social media company has announced that it will soon allow users of its Messenger application to send and receive money. The service will be free, but will see a limited initial launch in some parts of the United States. The launch will be taking place over the next few months, eventually be made available to all Messenger users in the country.

New service will allow users to send and receive money over Messenger

Facebook has partnered with Visa and MasterCard in order to make the service available. Those with Visa or MasterCard cards, as well as those with debit cards from a U.S. bank, will be able to transfer money through the new service. The service will be accessed through a “$” icon that will be added to the Messenger app in the near future. Once this icon is tapped, users will be able to note the amount of money they can send to their friends. All those using the service will have to link their financial information to the Messenger app.

Consumer information will be stored in a secure environment

For security purposes, users will have to use a PIN number to authorize money transfers. The company notes that all financial information will be kept in a secure environment that is entirely separate from other parts of Facebook. The service will also be monitored by fraud prevention specialists, who will analyze the service to determine whether or not suspicious activity is present among users.

Facebook will face competition from other companies entering the mobile payments space

Facebook has been showing strong interest in mobile payments for some time. The company sees a great deal of promise in this sector, largely due to the number of consumers that spend money online over their mobile devices. Facebook will be competing with other companies involves in mobile payments, such as PayPal, and may soon be competing with Twitter and other social media platforms that have recently entered the space.

The latest update of the app market for Android users lets users approach the iTunes experience.

Google Play has recently released a new update that many believe will help it to close the gap between itself and iTunes, especially since Apple has been recovering from a few blunders in their own App Store over the past few months.

Developers were paid a total of $7 billion over the span of 2014 in order to improve the Android marketplace.

This, according to a report from the Financial Times. Though that amount is notably less than the reported $25 billion that Apple paid its developers, it is still a considerable figure. This is particularly important as the results that Apple has been seeing have remained the same from June through the close of last year. Still, it paid $10 billion more than it usually would have, during that time, so it is expected that those developers will be seeing their earnings sliding downward. Conversely, Google Play developers will be watching their earnings increase.

For Android developers, this change in direction for Google Play should be seen as very positive news.

It also means, according to many, that it appears that the gap that has existed between these two largest stores is now closing up. The latest update for the Android store is quite s clear indication of that. For people who use Android 2.3 and up, the Play 5.3.5 version of the app is now available. This represents the majority of users of Android devices. It now offers a range of different functions to its users, which includes the expansion of the various notification options that are available within the settings. It is also now possible to choose whether or not the notifications for an app will be displayed.

The music store at Google has also released an update, which has aligned its appearance much more closely with the Play Store. There is now a home screen search function. That said, this specific update will be available only to those with a version of Android Kit Kat or newer.

Fortunately for those who can’t access it, the majority of the changes are in the design of the experience, so that it more closely resembles that of Google Play. The majority of the actual functionality has not been changed.