Facebook Launches Unified Payments Platform Called Facebook Pay

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Yesterday, social networking giant Facebook (NASDAQ: FB) introduced Facebook Pay, which allows users to make payments across all of its major platforms including Facebook, Messenger, WhatsApp, and Instagram. The tech company has been slowly integrating payment systems into its services for years, adding peer-to-peer (P2P) payments in Messenger back in 2015.

E-commerce is among Instagram's most promising opportunities, and Facebook added an feature to the popular photo- and video-sharing service earlier this year (purchase links previously redirected users to external sites).

Image source: Facebook.

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