Facebook Secures EU Path to Payments in Messenger
12-13-2016
Facebook has recently secured an e-money license from the Central Bank of Ireland, clearing the company to launch Messenger-based payments in Europe. The filing, originally reported by TechCrunch, will allow Facebook to expand payments in Messenger throughout the 27 countries of the European Union, thanks to a “passporting” agreement among EU member states.
Facebook debuted P-2-P payments in Messenger in the United States during March of 2015. The function, made possible through partnerships with ETA member-companies PayPal, Stripe, Visa, Mastercard, and American Express — among others — allows users to connect a credit card to their Facebook account to send or receive payments. In the U.S., payments can also be made to some 3,000 Facebook chat-bots created by third-party developers. Initially, the European launch will remain P-2-P only, with the exception of allowing for donations to approved European Economic Area charities.
Read more about Messenger Payments from Facebook.
About ETA
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.
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