Facebook (FB) has decided to consolidate its various payments to a single platform, Facebook Pay, that will reach across Facebook, Messenger, Instagram and WhatsApp, the company announced Tuesday, in the latest step to integrate its services and make it easier to move between apps.
Facebook Pay will allow users who decide to set up the app to add a preferred payment method with which to make purchases and payments on the apps instead of having to re-enter payment information each time a transaction is initiated.
Users will be able to view payment history, get real-time customer support and update settings in one place.
“Facebook Pay will make these transactions easier while continuing to ensure your payment information is secure and protected,” Deborah Liu, Facebook vice president of marketplace & commerce, said in a blog post. The system will encrypt credit card and bank account numbers. The system also will be monitored for fraud. As an extra layer of security, users can add PINs or use the biometrics available on their phones.