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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.

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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

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