Facebook lets you send money instantly to friends through the Messenger app

Facebook has confirmed you will now be able to send cash to friends through the social network's Messenger mobile app.

The new feature lets you add a debit card to the app and instantly transfer money through conversations.

It works in the same way as you would share a photo with a friend - making it easy to pay mates for tickets or contribute towards a group present.

Facebook has explained that it already processes one million transactions each day through gamers and advertisers using the social network.

SEE ALSO :Mobile firm sponsored the first Africa-China internet economy summit

And the company has been quick to address any fears over security.

"We use secure systems that encrypt the connection between you and Facebook as well as your card information when you ask us to store it for you," the company states.

"These payment systems are kept in a secured environment that is separate from other parts of the Facebook network and that receive additional monitoring and control. A team of anti-fraud specialists monitor for suspicious purchase activity to help keep accounts safe."

For More of This and Other Stories, Grab Your Copy of the Standard Newspaper.

When you've added a Visa or MasterCard card to your account, you will see the option to pay a friend appear in conversations on Messenger.

At first, the free service will only be available to users in the US, but it's likely Facebook will roll it out globally at a later date.

SEE ALSO :Facebook says Libra won't be controlled by a single company

The service will be available on iOS and Android devices and also over Facebook's desktop site.

Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.

Get the latest summary of news in your email every morning. Subscribe below

* indicates required
FacebookMessenger mobile appSocial network