Oh wow. We knew that this was coming, the logistics of it was not quite something that people could get their heads around. Facebook payments are going to be a reality between two parties using the Messenger option. Check it out: Send Money to Friends in Messenger. It seems really simple and of course, as we have been saying all along, the payments systems will be the traditional ones, you need a Visa or MasterCard debit card.
See: "The first time you send or receive money in Messenger, you'll need to add a Visa or MasterCard debit card issued by a US bank to your account. Once you add a debit card, you can create a PIN to provide additional security the next time you send money. On iOS devices you can also enable Touch ID. As always, you can add another layer of authentication to your account at any time."
It is not a new payment system, Facebook already handles more than one million transactions a day, for those who are fans of all the distractions that go along with it, as well as the advertisers. Same system, different audience. Expect the system, once rolled out across iOS and Android (and desktop) to be spread further and wider across the globe. I am pretty sure that all and sundry will adopt this, this is what you call a cash killer for the smaller transactions. Couldn't happen sooner.