Digital payments market hots up as Facebook teams with TransferWise
The digital payments start-up confirmed that it had developed a custom ‘chatbot’ for Messenger capable of conducting online purchases or wire money to friends and family in Europe, Australia and North America.
Facebook has long facilitated domestic transfers of cash in the US but this is the first time such a system has been rolled out on an international basis entirely within the Messenger system.
TransferWise now operates in over 50 countries, overseeing approximately $1bn of transactions on its website each month. Sensing opportunity for further growth TransferWise alighted on Messenger back in April after Facebook opened the door to developers wishing to create chatbots for the platform last April.