Facebook Launching A New Funds Transfer Tool in the US
According to Mac Rumors reported, Facebook is currently testing out this new QR Codes Feature for Facebook Pay, which would enable users to scan a friend or family member’s QR code, and instantly transfer funds. It could open the door for a new push, with Facebook currently experimenting with a new process that would enable users to transfer funds via personal QR codes in the app.
Facebook QR Codes Feature:
The QR code feature, similar to Venmo’s QR codes and others, will allow a user to scan a friend’s code with their smartphone’s camera to send or request money, while the sharable payment links will let you publish your payment address outside of Facebook itself.
As per Facebook given a statement to TechCrunch, “To make payments on Messenger even easier, we’ve begun testing the ability for people to use QR codes and payment links when they want to send or request money.”
The screen that displays the QR code also introduces the personalized payment URL in the format of “https://m.me/pay/UserName,” which can also be sent to others when you’re making a payment or sending a request.
The test is limited to US users at this time, but it could make payment transfers more convenient, while the newfound acceptance of QR Codes could see people more open to the option, which may, once again, pave the way for new opportunities via scannable codes.
Facebook declined to share further details about the test, including how many or what percentage of users will see the new QR code and links or when tests began and when they’ll end. It seems to all fit. We’ll have to wait and see what Facebook does with this new push.