Facebook Deepens Partnership With PayPal With Messenger Payments
Almost exactly a year ago, Facebook (NASDAQ: FB) and PayPal (NASDAQ: PYPL) announced a partnership where users could pay for purchases on Facebook's nascent e-commerce offerings, including Messenger, using PayPal. That allowed merchants to utilize Facebook chatbots to accept payments, among other features.
The two companies announced today that they're taking their relationship to the next level, and incorporating PayPal into peer-to-peer (P2P) payments on Messenger. The new feature will start rolling out within the U.S. today. PayPal is also launching a customer service bot for Messenger, which can handle basic tasks like password resets, account inquiries, and processing refunds.
Image source: PayPal.
Source: Fool.com
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