Tag: facebook mobile payments

Will you soon be making mobile payments through Facebook Messenger?

The mobile app is reportedly adding a number of surprising features including “secret chats” among others.

Following changes made to the Facebook Messenger app including giving it its own virtual assistant, rumor has it that this popular messaging application will soon also have mobile payments among other options that appeal to its users.

Many media outlets are speculating that smartphone based payments and “secret chats” will be on their way.

Privacy is among the latest hot topics when it comes to mobile technology, so the ability to bring an added level of encryption that would make it possible to hold secret chats would potentially also help to keep mobile payments secure, in theory. The idea is not necessarily an off the wall one. If a large enough investment is being made into keeping chats secure then it might makes sense for Facebook to apply this type of mobile security to other features, as well. As mobile wallets are blossoming everywhere nowadays, this addition to the social media platform could be a logical next step.

Despite the fact that mobile payments and secret chats have been mentioned regularly, details are not immediately available.

Facebook - Mobile PaymentsThere have been many speculations as to what would be involved in the new features that have been suggested for the Facebook Messenger app. For example, using separate password protection for specific chats could make an interesting difference to the security level available for certain discussions between users.

The main thought with regards to the smartphone payments aspect is that the messenger app would make it possible to send money to family and friends who are also users. This could suggest that the social network is seeking to compete with other digital payments platforms such as Android Pay, Apple Pay and even PayPal.

The feature that was identified in a leak that has been spread by several media sources indicated that the app could be used for mobile payments in store. This could mean that Facebook is seeking to reach far out and beyond communicating with people the users already know. At the time of the writing of this article, the company had yet to confirm or deny any of these claims.

Facebook Messenger may soon become a mobile payments platform

Code discovered in Messenger app hints at mobile commerce functionality

Facebook Messenger may soon become a hub for mobile payments. Code hidden within the application itself hints that Facebook may choose to make the app a mobile commerce tool, contrary to what the company had said in the past. Facebook has shown strong interest in mobile commerce, but had not intended to make the Messenger app into a new payment platform, opting instead to focus on other solutions. This may be changing, however, as Facebook begins to feel the need to compete with other companies in the mobile commerce space.

Facebook had been relatively disinterested in mobile payments in the past

Mark Zuckerberg, founder of Facebook, had claimed that the company was not looking to break into the mobile commerce space in any considerable way. This is contrary to what the company has been dowing in the recent past, however, as Facebook has been making it possible for businesses to connect with consumers more dynamically and making it easier for consumers to purchase products online. Like other companies, Facebook has shown interest in the concept of social commerce, which involves consumers using social media sites to shop for and purchase products.

Social media companies are becoming more involved in mobile commerce

Facebook Mobile PaymentsThe company is not the only one within the social media space that is interested in mobile payments. Twitter, Pinterest, and several other companies have also begun breaking into the mobile commerce market. This market is quite competitive due to the numerous companies that have broken into the sector. Retailers are becoming very eager to embrace mobile shoppers, however, which is forcing social media companies to support mobile payments in order to better serve retailers using their services.

New features may be coming to Facebook Messenger

There are other features coming to Facebook Messenger as well, including a feature that could allow consumers to have “secret conversations.” This could operate in the same way as the “incognito” mode on web browsers, which prevents them from recording browsing history. Facebook has not yet commented on the discovery of the code within the Messenger app, but it may indicate that the company is beginning to grow more aggressive in the mobile commerce space.