Facebook Messenger has rolled out a new update that will enable users to use chatbots to pay without leaving the application. Introduced earlier this year, these bots were able to interact and provide information about products but the user had to leave the app to complete the payment.
With a massive user base of over a billion people, Messenger is bound to attract the banking industry.
Big players from the banking sector are joining hands with Messenger's new feature. The application will tie up with Visa, MasterCard, PayPal, Braintree, Stripe and American Express on-board which already covers a huge majority of payment options.
Users can share these chatbots among friends using the new share option. The Messenger app will also be able to save their payment details to check out faster. The company aims at reducing the time between spotting a product and buying it.
With the new feature, Messenger will let the user pay without jumping apps or pages. In an official blogpost, Facebook has revealed that businesses have built over 30,000 bots for Messenger and the social network giant has over 34,000 developers working to increase this number.
The Messenger application is entering the e-commerce business with this new step which also means that Facebook will start monetizing the app which was free so far.