Facebook Looking At Payment Processing

So Facebook is starting to get in to the deep end of the online game – they are looking to create a virtual wallet, according to their blog.

Working with mobile payment processor Zong, Facebook could be launching an online payment option soon.

This is a smart move on their part and one Twitter might want to consider as well. We have our social media programs of choice installed on our smart phones – maybe it is time to have them be able to do seamless payments. Hey mobile device as credit card has been used in Europe for years.

Facebook outlines their testing of this here. They seem serious.

This entry was posted on Thursday, August 27th, 2009 at 1:00 pm and is filed under Web News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.