Mark Zuckerberg confirms payments are heading to Messenger

After rumors and new hires, Facebook has confirmed its messaging app will support Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term.

The news was announced on July 23^rd after an investors call. CEO Mark Zuckerberg stated that payments and the new spun off messaging application Messenger will eventually “overlap”.

The rumor-mill was set ablaze after Facebook announced it has hired PayPal CEO David Marcus to head its messaging division. Marcus’ history at PayPal is similar, heading its mobile department in 2011 after mother company eBay acquired his mobile-payments Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term Zong. He quickly became president of the payment firm, focusing primarily on PayPal’s mobile efforts as of late.

Recently Facebook has made it mandatory to have the Messenger app installed in order to send messages on smartphones and tablets. The service was once integrated into the primary Facebook application, with Messenger as an option.

Facebook also acquired popular messaging application WhatsApp in February, but there was no mention of newly added features. Since it was bought out for a staggering $16 billion, it was mentioned numerous times that the applications will remain separate for the time being.

What are your thoughts? Would accept or receive payments through Facebook Messenger if it was available? Let us know by leaving a comment is the comment section below.