It's a conversation most of us have had in person, but these days it's happening increasingly on social media or international paying website or apps. The chat could take place on Facebook's Messenger service and finish with a simple click to transfer the cash between friends. The payment service has just been launched in the UK, although the country is already some way behind China and the US in the widespread adoption of social media payments. But will it disrupt traditional banking? "There's definitely a trend towards mobile payments moving into social media,"says Charlotte Crosswell, chief executive of Innovate Finance, an organisation that represents the UK's global financial technology community
It's a conversation most of us have had in person, but these days it's happening increasingly on social media or international paying website or apps. The chat could take place on Facebook's Messenger service and finish with a simple click to transfer the cash between friends. The payment service has just been launched in the UK, although the country is already some way behind China and the US in the widespread adoption of social media payments. But will it disrupt traditional banking? "There's definitely a trend towards mobile payments moving into social media,"says Charlotte Crosswell, chief executive of Innovate Finance, an organisation that represents the UK's global financial technology community
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