Facebook given licence to launch Messenger payments in Europe
Facebook has secured an e-money licence from the Central Bank of Ireland that will allow the company to launch charitable donations and P2P payments through its Messenger service across Europe.
„Facebook Payments International Ltd (FBPIL) is very pleased to have been approved authorisation as an electronic money institution by the Central Bank of Ireland,” the social media giant told NFC World.
“The licence enables us to roll out products like charitable donations on Facebook and peer-to-peer payments via Messenger in Europe, as we have in the US.
“The licence authorises FBPIL to issue donations from Facebook users to charities registered in the European Economic Area (EEA) only, and peer-to-peer payments within the EEA.”
Facebook was granted the licence in October and authorised services include credit transfer, payment transactions and money remittance. The company launched Messenger payments across the US in March 2015.
Source: nfcworld.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
