Page 254 - The Digital Financial Services (DFS) Ecosystem
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ITU-T Focus Group Digital Financial Services
Ecosystem
Figure 1 – Screenshot of Facebook Messenger and WeChat Red Envelopes
Facebook Messenger payments WeChat Red Envelopes
2.2.2 Physical world commerce
Social network payment functionality extends to the physical world, a critical step in social network evolution.
While social networks are often considered an Internet service, social networks are becoming the digital
plumbing for all commerce in both the online and physical worlds.
Figure 2 – Linked payments example
Point of sale Order ahead (e.g., coffee)
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