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Science and Information / Now you can send money internationally through Facebook Messenger
« on: March 01, 2017, 02:21:19 PM »Now you can send money internationally through Facebook Messenger
Sending money on Facebook is finally international.
A new bot released on Facebook Messenger on Sunday lets users send money to and from the United States, United Kingdom, Canada, Australia or Europe.
Powered by Transfer Wise, the bot completes money transfers and guides users through the process.
Transfer Wise customers on the company's own app already send and receive almost $1 billion a month. The app boasts that it allows transfers without the usual fees charged by banks or hidden in exchange rates. Instead, Transfer Wise uses the current exchange rate and charges an upfront fee, usually based on 1 percent or so of the money being transferred.
Transfer Wise's app allows customers to send money in plenty of other currencies outside North America and Europe, but its selection of currencies available on Facebook Messenger will be more limited.
Along with sending money, the Facebook bot will notify users about changing exchange rates and send alerts when it's a particularly good time to exchange a currency.
Facebook has allowed users to send each other money through Messenger for several months, but only domestically. Transfer Wise's bot will be the first to facilitate international money transfers. That's a big deal — even Venmo is limited outside the United States.
“Our mission at Transfer Wise is to bring faster, cheaper, and more convenient international money transfers to everyone in the world. Building the Transfer Wise bot for Messenger is a great step in that direction," Transfer Wise Head of Global Partnerships Scott Miller said in a statement. "It’s also a powerful example of how our API can be used to seamlessly integrate Transfer Wise into almost any messaging, bank or business payment system.”
Facebook and Transfer Wise have been linked before — most notably in rumors that the social network would buy the fin tech startup. No acquisition yet, but a bot is a promising start.
Source : http://mashable.com/2017/02/21/facebook-messenger-bot-transferwise/#nwvsuB_BpqqQ