The creation of a frictionless payment experience is driving innovation - and profits - at PaPpal and Facebook, as both companies report a stellar set of results.
As consumers spend more time engaging inside social and messaging apps, connecting merchants and consumers directly within those experiences is a massive opportunity, particularly on mobile devices.
Facebook is working with e-commerce platform Shopify to extend testing of its 'buy' button, which lets users purchase products without leaving the social network.
As it arrives in New York City, Facebook Messenger's payments service has been tweaked to make it easier for friends to send money within conversations.
New Zealand's ASB has killed off a feature within its mobile banking app that lets customers pay friends through Facebook.
American Facebook users will soon be able to send money to each other through the social network giant's Messenger app.
Facebook chief Mark Zuckerberg has played down the value of payments to the social network, saying that it will partner with card firms and PayPal rather than try to build its own system.
Commercial Bank of Dubai (CBD) has introduced a 'Facebook branch', enabling customers to check their accounts and transfer funds from within the social network.
Facebook has built a feature that could soon let friends send money to each other through Messenger, screenshots posted by a Stanford University student suggest.
Already working with Twitter, startup Stripe has been named as the payments power behind Facebook's new 'buy' button.
© Finextra Research 2016