TransferWise is a peer to peer currency transfer service that has joined several other fintech firms in creating its own “Facebook Messenger bot”. Venmo was the first service to realize how social sending money to friends can be and others have begin attempting to capitalize on this finding. TransferWise believes this is a productive move as messaging services seem to be a place where people want and feel comfortable sending money with one another. Others obviously agree as PayPal, Stripe, Visa, MasterCard, and American Express have their own messenger bots. Services like Facebook would encourage these services to do add capabilities like this as it continues to increase the amount of use of the app by users.
Having these types of new services is extremely convenient way to send and receive money from friends and relatives. I use Venmo multiple times a week and it has definitely simplified my life. However, it is a scary thought about how much private information many of these services now possess. We continue to sign up with more and more applications to make our life easier yet one would think this would lead us more vulnerable to losing our confidential information.
https://www.fastcompany.com/3068387/new-money/why-payment-companies-are-flocking-to-messaging-apps