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Facebook Pay rebrands to Meta Pay: a digital wallet dedicated to metaverse

28 June 2022 3

Meta has officially announced the rebranding of Facebook Pay to Meta Pay. It is part of Meta's ultimate goal of emphasizing its ambitions of the metaverse. It started last year when the whole company was rebranded from Facebook to Meta. The newest addition to the goal is the digital payment solution from the company.

The announcement reveals that Meta Pay will continue to be the same way as Facebook Pay. There are no changes to the overall user experience of the payment platform. It will be available for use across all platforms like Facebook, WhatsApp, Messenger, and Instagram. The only difference is that users will see the Meta Pay button instead of Facebook Pay wherever it is possible.

It further adds that Meta Pay users will have the same security assurance. It will encrypt and securely store payment card numbers, anti-fraud monitoring, and an option to create Meta Pay PIN as well as facial/fingerprint recognition. Lastly, existing Facebook Pay users will not have to do anything for the rebranding.


Meta Pay will also be a dedicated wallet for all metaverse-related transactions. It will be the app needed for buying and selling any digital good available in the metaverse.

The official announcement says,

"Meta Pay plays an instrumental role in connecting people and businesses now and in the future. These connections will help drive growth across the metaverse ecosystem. It’s important to us that we’re making sending and receiving money as simple, fast and cheap as sending a message to anyone, anywhere. And that we’re offering trusted, convenient ways to pay for goods and services anywhere in the world."


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Facebook Pay rebrands to Meta Pay: a digital wallet dedicated to metaverse
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