Facebook Plans to Launch a Mobile Payments Service


Facebook is preparing to join the mobile-payments race with remittances and electronic-money services on the social network. According to a report carried out in the Financial Times reported last Sunday, the company is close to obtaining approval from the Central Bank of Ireland to start a service that would allow people to store money on Facebook and use it to pay and exchange with others.

Image

The company has also had partnership talks with at least three London startups — TransferWise, Moni Technologies, and Azimo — that offer online and mobile international money transfer services.

Sourced from yahoo: https://www.yahoo.com/tech/report-facebook-plans-to-launch-a-mobile-payments-82688131942.html

Please follow and like us:

Comments

comments

Tech TrendsKE

We are a Technology News Site covering Technology & Business News in Kenya, East Africa and across the Globe.

Leave a Reply

Your email address will not be published. Required fields are marked *

Enjoyed this post? Follow us and share with your friends

Skip to toolbar