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Last Updated: Thursday, October 1, 2026 at 08:03 PM
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Report: Facebook Is About to Enter the E-Money Game

The social giant is gearing up to give PayPal a run for their money.

Share baby photo. “Like” mom’s status message. Update relationship status. Send money.

Facebook is just “weeks away” from being able to provide financial services to its users, reports the . Currently awaiting regulatory approval in Ireland, the service would allow users to store money on Facebook and use it to pay and exchange money with others.

If approved, Facebook would become an financial institution in Europe, much like PayPal.

Facebook is said to be in talks with three London startups that offer international money transfer services.

It’s unclear if users will take to the service, given their trust issues  with the networking site.

Related: PayPal Revises Policies to Become More Crowdfunding Friendly