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Facebook’s Consolidation Moves Ahead With Payments Tools

  • Facebook Pay branding is coming to all of the company’s apps
  • Existing payments features are being rolled into one product
Facebook Pay

Facebook Pay

Source: Facebook Inc.

Facebook Inc. is consolidating its various payments features into a single product with a new name, with plans to roll it out across all of the company’s apps.

Facebook Pay is a rebranding of a number of existing payment features into one user experience across the social network’s apps, the company said Tuesday. You can already make payments in the form of donations and in-app purchases inside various Facebook-owned products, and soon you’ll be able to do that across Facebook’s apps through one system that will store user credit and debit cards.