Facebook is planning to extend its payment system to online retailers in August this year. With the rollout for online retailers, shoppers on Facebook will see one more option listed next to the usual payment methods as Facebook Pay extends beyond the company's own platforms, reported The Verge. Following the expansion, Facebook Pay will be open to participating retailers for transactions. E-commerce platform Shopify is the first to add Facebook Pay in its list of payment options, with others to follow suit after it is extended to retailers in August. The announcement points to this privacy page for Facebook Pay, which clearly states:1.

Source: Mint July 17, 2021 11:37 UTC