This week, Facebook, the U.S. social media giant, announced it was suspending its Facebook Messenger peer-to-peer money transfer service in the UK and France.
Facebook is planning to abandon the Messenger personal transfer service for European users, which allows individuals to send money to each other within the UK and France.
According to TechCrunch, the decision will take effect on June 15, 2019. However, Facebook has also revealed that although the P2P money transfer service has been shut down, users in these two markets can still use Facebook to complete other types of transactions, such as making donations to charities. That’s what it means. For now, the company has not completely suspended payment services in Europe.
Editor suggested that some cultural differences may have caused users in the UK and France to have a bad experience with Facebook’s peer-to-peer money transfer service, but at least Facebook has not given up on the payment market.
A spokesman for Facebook Messenger later revealed to the media that Facebook had previously conducted a user survey of the service and that the response had not been very good, so Facebook decided to withdraw from the P2P transfer market in both countries.
For now, the service looks set to remain active in the United States, as Facebook holds many transfer accounts in the United States.
For now, users in other markets in the European region can still enjoy the service, and Facebook has not revealed any further plans for action.
Facebook has previously added a peer-to-peer money transfer service to its messaging platform, Facebook Messenger, which allows users to connect to their debit card or PayPal account, but only if the user must be at least 18 years old.
Facebook’s dominance in social charts and instant messaging, as well as social apps such as WhatsApp, Messenger and Instagram, are very stable branches of Facebook, making the reform easier.