Facebook Eyes Mobile Payment Feature

Facebook Eyes Mobile Payment Feature

Facebook, the world's largest social networking company, is planning to test a new mobile payment feature.

It will use payment details added by users to their Facebook account to automatically fill in forms when they make purchases on mobile applications.

Various companies have been looking to tap into mobile payments markets.

However, Facebook said the feature would not involve moving the payment processing away from an app's current service provider.

"This product is simply to test how we can help our app partners provide a simpler commerce experience," Facebook's spokeswoman Tera Randall said in a statement.

She added that the firm has a "great relationship" with PayPal, one of the biggest processors of online payments.

Facebook has more than a billion members and half log in daily. Its popularity has seen it attract advertisers keen to tap into the potential consumer pool.

Source: Legit.ng

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