Instagram is the latest social media platform to offer financial services, announcing plans for a “checkout” feature on the app Tuesday.

It’s far from the only tech platform to add financial services. Parent company Facebook and competitor Snapchat already allow users to transfer money on their apps. Instagram’s new service, set to roll out over the coming weeks, will allow users to purchase products from a brand’s post on the platform “without leaving Instagram.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]