• Facebook’s Foray Into Payments: Should PayPal be Worried?

     

    http://www.entrepreneur.com/article/244181Facebook dipped its toes in the payments world on Tuesday, but don’t hold your breath for a PayPal competitor any time soon. After years of speculation that the social network would enter the space, Facebook announced a new feature that would allow users to send payments to friends using its popular messaging app. In the company’s 2019 mobile payments forecast, the firm predicts that P2P payments will only encompass 12% of all payments transmitted through a mobile phone in the United States. Read more…