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nstagram hopes that allowing people to complete their purchases inside the app will inspire them to shop more — and to create a big new business for parent company Facebook, which has recently signaled that it expects commerce and payments to represent the future of the company. For now, payment information stored with Facebook will only be used on Instagram. But it’s easy to imagine Facebook letting you use your credentials elsewhere in its family of apps.

In the meantime, Facebook says it won’t share your payment information with other users or with retailers.

Instagram believes shopping represents a massive new business opportunity. The Verge reported last year that the company is building a standalone shopping app. It also said Monday that 130 million people a month tap on product tags in shopping posts.

more strategic thought around how to deploy mobile in a shopping arena—not necessarily the new technologies or the new checkout system because that’s going to happen no matter what.”

s you start to see third parties map indoor spaces [and] you start to see retailers put beacons on the shelves, I think there is going to be some massively interesting creative unlocked [in 2015].” 

adoption of mobile payments and loyalty programs by both retailers and consumers. We’ve finally reached a long-awaited tipping point with beacons and NFC, and these technologies are poised to supercharge in-store sales and turn the tables on showrooming.”