The Facebook Pay system is currently available for users on Facebook, WhatsApp, and Instagram.
The company stated that the system aims to help businesses improve their conversion rates by providing customers a low-friction and mobile-friendly way to pay online. Furthermore, the company added that the payment details are encrypted and stored, eliminating the need for businesses to manage customers' card or bank account numbers. Also, the payment details provided by customers will not be used to personalise their experience or inform the ads they see.
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