With Facebook Messenger app, you would soon be able to send and receive money from friends using your debit cards.
Facebook made the announcement on Tuesday, saying that unlike other online money transfer services, the Facebook messenger money transfer will be free.
The company said the service works with debit cards and is available on Apple and Android mobile devices and on desktop computers.
The world’s largest social network will process the payments and allayed security concerns, stressing that it handles more than a million payments transactions on its site every day for its advertisers and game players.
Facebook will likely expand internationally after the service becomes available to U.S. users in few months time.
To send money, Messenger users can tap a new “$” icon that’s next to the buttons that let you send photos, stickers or a thumbs up sign. Then, enter the amount you want to send, tap “pay” on the top right corner and enter your debit card number. To receive money for the first time, enter the card number.
Once you add your card number, you can create a pin code that you will need to enter the next time you want to send money. On Apple devices that have Touch ID, you can enable this instead and authorize transactions using your fingerprint.