Sending Money Through Facebook

Last Sunday, Facebook released a new bot on Facebook Messenger which allows users to send money to and from the United States, Canada, United Kingdom, Australia or Europe. Sending Money Through Facebook.
Sending Money Through Facebook

this is powered by Transferware, the bot completes money transfers and guides a user every step of the process. Transfer wires customers on their own app have already sent and received almost a billion dollars a month. The application boasts that it allows transfers without the fees usually charged by banks or unseen in exchange rates.

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The app is also capable of sending money through currencies that are outside of North America and Europe, but the selection will be more limited in Facebook Messenger. Together with sending money, the Facebook bot also notifies the users about the current exchange and will notify you when it is a good time to exchange a currency.

Sending Money Through Facebook

Facebook has also allowed their users to send each other money through the Messenger app for months, but not internationally. Transfer wires bot is going to be the first one to facilitate money transfers abroad.

“Our mission at TransferWise is to bring faster, cheaper, and more convenient international money transfers to everyone in the world. Building the TransferWise bot for Messenger is a great step in that direction," TransferWise Head of Global Partnerships Scott Miller said in a statement. "It’s also a powerful example of how our API can be used to seamlessly integrate TransferWise into almost any messaging, bank or business payment system.”