MoneyGram and Western Union have both launched bots that lets customers in the US send money transfers to tens of thousands of locations around the world through Facebook Messenger.
Since 2015, you could send and receive money on Messenger, but until now, these person-to-person payments have just been possible between two people.
Facebook has revamped its AI assistant for Messenger, M, letting it butt into conversations about payments to offer help with sending and requesting money.
US Facebook Messenger users will soon be able to make payments to bots within the app through their PayPal accounts.
Facebook is taking its recently launched Messenger chatbot platform to the next level, letting bots accept payments without having to send users to external sites.
Digital money transfer firm Azimo has integrated Facebook Messenger, enabling senders and receivers to connect through their friend lists on the social network.
Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) is set to embark on a second management reorganisation within 14 months in anticipation of a further push of its digital banking plans, according to Bloomberg.
PayPal has introduced a dedicated 'donate' button to its mobile app to make it easier for users to give to charity.
Retail investors may soon be able to buy and sell shares via Facebook's messenger platform after UK fund supermarket AJ Bell announced plans to launch a new trading service in the next three months.
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.
© Finextra Research 2017