Facebook enters crowded UK mobile payments market

Thursday 23 November 2017 | 13:11 CET | Author: Marion ter Welle | Background
Facebook recently launched its money transfer via Messenger service in the UK and France. Its AI assistant M will guide users in both countries to the new service when it detects chats about payments. Facebook has a large pool of potential users but not all may be keen to share financial information with the social media giant. At the same time Facebook faces competition from existing players such as Apple/Google/Samsung Pay and the banks and their mobile apps. 

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Categories: Mobile & Wireless
Companies: Apple / Facebook / Google / Samsung
Countries: United Kingdom
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