Meta Pay Official Launches in over 200 Countries across the Globe
Social metaverse company Meta rebrands payment gateway hopes to gain massive eCommerce sales.
Meta has recently announced the rebranding of Facebook Pay, a FinTech service. The firm rolled out an updated version of the payment gateway. Facebook Pay has officially changed to Meta Pay, and many regions will receive this solution beginning with the US. However, Facebook and Meta Pay users don’t need to change their account preferences. The team didn’t tweak the payment application. Members will shop, donate, and send money across Meta platforms like Instagram, Facebook, and WhatsApp. Meta Pay users can still perform many actions, such as viewing payment history, managing payment methods, updating settings, and communicating with customer care.
Meta took to its Twitter Newsroom handle to disclose this information:
“Today, Facebook Pay is transitioning to Meta Pay in nearly 200 countries worldwide. Shop, donate, and send money securely across our technologies and anywhere you see the Meta Pay button while shopping online.”
Mark Zuckerberg announced the rebranding in June through his Facebook handle. Users of Meta’s Horizon World, a social VR application, will have access to an e-wallet service controlled by Meta Pay.
Features of Meta Pay
Meta Pay supports over 55 currencies. It provides a secured payment gateway using an anti-fraud monitor and PIN for identification. It will help people, businesses, and creators to involve in the digital economy.
Zuckerberg has earlier explained some features of Meta Pay in his June announcement:
“In the future, there will be all sorts of digital items you might want to create or buy — digital clothing, art, videos, music, experiences, virtual events, and more. Proof of ownership will be important, especially if you want to take some items with you across different services.”
Mark believes that interoperability is a significant factor in establishing a bigger market for content creators. By 2024, Meta will concentrate on Meta developers, reducing the intake of content creators.