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Facebook Messenger will now keep track of PayPal payments in US
PayPal may have horrendous foreign exchange rates, but everyone has used it at some point in their lives. In fact, millennials use it almost every day without even knowing it: surprise, surprise, Venmo is owned by PayPal! Well, the company just announced the extension of its relationship with Facebook, so it seems like PayPal is well on its way to becoming truly omnipresent.
The mobile commerce giant is working with Facebook to bring its services to the Messenger app. These features include:
- In the U.S., PayPal will start to roll out as a payment option across more of Facebook’s commerce experiences, including Messenger commerce.
- It will be easy for PayPal customers to link their PayPal accounts to Facebook and Messenger at PayPal checkout.
- PayPal customers in the U.S. will also be able to get notifications in Messenger, first starting with making it easier to manage receipts for PayPal transactions neatly in one place.
Although the PayPal integrations will be initially limited to select users, the company says it will eventually roll out to all Messenger users in the US. At this time, it is not clear whether PayPal has any specific plans for international expansions, but we will be sure to keep you updated.
At this time, it is not clear whether PayPal has any specific plans for international expansions.
It’s worth noting that this isn’t the first time that the two companies have partnered up on payment initiatives. Just last year, Facebook announced the option to summon an Uber ride using its Messenger app, which was facilitated primarily by its partnership with Braintree, a division of PayPal. With mobile payments increasingly dominating how we make transactions, I’m curious to see how the two companies’ partnership will pan out.
Currently, PayPal and PayPal-owned services take the lead, but once other platforms gain traction – in particular, Facebook Messenger’s very own P2P payment system that was introduced in early 2015 – perhaps whatever PayPal and Facebook have right now will be no more.
Do you think PayPal integrations into the Messenger app will be useful? Let us know by leaving a comment below!