Facebook Awaiting Approval for New Mobile Payments Service
April 14, 2014 2:02 PM
comment(s) - last by
Users will be able to exchange money on the social network
Facebook is looking to get into the mobile payments game, where users would be allowed to store money on the social network.
, Facebook is waiting on an approval from the Central Bank of Ireland in order to start the mobile payments service. Facebook users will be able to store money and use it to pay and exchange with others on the social giant.
Facebook has been trying to secure a position in the mobile payments race via potential partnership talks with London start-ups like TransferWise, Moni Technologies and Azimo, which all offer online and mobile international money transfer services.
It's clear why Facebook would want to dip into mobile payments. Research firm Gartner predicted that mobile transactions worldwide are expected to grow at an average 35 percent per year between 2012 and 2017.
Other major tech companies are going after mobile payments as well, such as Google with Google Wallet and
Apple with its Touch ID fingerprint sensor
(which will partially be used for mobile payment verification).
This article is over a month old, voting and posting comments is disabled
No thank you...
4/16/2014 2:45:54 PM
I'll pass on this. No need for Facebook to have payment information as well as pictures on kids, where you've been, what car you drive, your list of relationships, etc.
"It's okay. The scenarios aren't that clear. But it's good looking. [Steve Jobs] does good design, and [the iPad] is absolutely a good example of that." -- Bill Gates on the Apple iPad
Apple Announces 9.7" iPad Air; iPad mini Gets Retina Display for $399
October 22, 2013, 2:15 PM
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information