Is there a payment system from ?

2016-05-28 00:00:00:

At one time, the launch of its own payment system by the popular social network made a lot of noise and not only in the financial world. The topic is actively discussed on the Internet on forums, in social media. networks and wherever possible today. But for two years, users hear only speculations about a new payment system. Unfortunately, the process of its creation has entered a neutral phase. Something went wrong?

In fact, the process of introducing a system that allows you to use money on is proceeding at the previously planned pace, it is just that it is not yet widely covered on the Internet or other information publications. It turns out that the users of the largest social network are kept in the dark. But periodic information leaks, which some experts believe are clearly organized, shed light on many details.

A good programmer will say that you can read a lot in the program code, even if it looks like it is just a set of incomprehensible symbols and phrases. Programmers from the publication "The Information" opened the code of the Messenger program for iOS platforms, and conducted research. What did you find out?

1. We found fragments in the code that in the future will be responsible for various payment methods using the messenger. Moreover, payment can be made both directly and using the messenger from FB.
2. The messenger code in its current form resembles the coding of ApplePay payment systems or others that work in the form of a chat application.
3. The program will surely contain ads that have not been allowed on the social network for so long. This became known from letters sent by representatives of to major advertisers.
4. Another, seemingly "superfluous" code fragment indicates that the program will be able to carry out encrypted correspondence.

Questions about the found prerequisites in the original code of the FB-Messenger program were asked to the management of the social network, but no comments were received from them.

Why does have its own payment system?

The payment system has long been planned for launch and many steps have been taken in this direction. Social media payments are not new. For several years now, users have been able to pay for gaming applications, buy emoticons or gifts for other users. But the management understands that without the introduction of new technologies, the capabilities of the social network will remain at the same level, which can have a detrimental effect on the popularity of the online resource in a highly competitive environment.

The administration intends to offer users not only the ability to carry out small transactions within the system, but use money in a wider spectrum. For example: 

• Payment for services on third-party resources or partner sites.
• Shopping on eBay, Aliexspress and other online stores.
• Deposit and withdrawal of money using debit bank cards of the user.
• Linking a bank card for making payments.
• Transferring money to other accounts or electronic payment systems.

The owners of the largest social network decided to invest in the creation of a new payment system like PayPal, Payza or the Russian analogue of WebMoney. It is interesting that success is practically guaranteed under such conditions. Currently, there are more than 1.5 billion registered accounts on . If we assume that there are only a third of active users, that is, 500 million, then the idea of creating a full-fledged payment system with a potential number of customers of half a billion looks very promising.

What prevents the payment system from launching

The creation of an electronic payment system is not an easy task. You need a department with a staff, technologies that are either bought or created from scratch and a lot of money, but owners have no problem with that. Thats not all, the system must have a registered capital of at least 350 million euros and provide information on free funds. These conditions are the same for all Western electronic payment systems.

It is assumed that in order to use the payment system, users will need to go through full identification by providing scans of documents, as is done in other payment systems, not just on .

The payment system from the largest social network can become a serious competitor for PayPal. The reason is obvious: has a huge audience that will start using the payment system as soon as the opportunity arises. Of course, PayPal management understands the seriousness of the threat and is developing new technologies that can give customers unique opportunities. PayPal representatives are seriously looking at the prospect of introducing cryptocurrency into their system. It is difficult to predict how events will develop. Only one thing is known: we are witnessing the creation of a large-scale electronic money system with an estimated number of clients of 1 billion. It turns out that approximately every seventh inhabitant of the planet will use money inside the system.