facebook mobile payments Archives

Tech giants’ next huge battleground is Indian mobile payments market

03/05/202103/04/2021 Jennifer Goula

Google, Amazon, Facebook, Visa, Mastercard and others are clawing for the top spot in the country. The Indian mobile payments and digital transactions market is expected to reach $1 trillion in 2023, and there is no way that American technology giants and credit card companies want to miss out on the opportunity it presents. These companies have been scrambling to obtain the necessary licences to take leadership positions. Tech companies Google, Amazon.com Inc., and Facebook Inc. as well as credit card companies Visa Inc. and Mastercard Inc. are only a…

Facebook mobile payments to launch outside the United States

11/08/201711/06/2017 L. Green

The social network’s peer to peer smartphone transactions will be enabled through its Messenger app outside the U.S. The largest social network in the world is now taking its Facebook mobile payments outside the United States for the first time. This move is meant to make it possible for users to be able to send money to each other by way of the official Messenger texting application. To start, the mobile payments service will be headed toward users in the United Kingdom. The feature will touch down in the U.K.…

New trends and emerging technology could impact mobile payments

02/09/201502/07/2015 Stephen Vagus

Growing mobile centrism could be a boon for the mobile commerce space Mobile centrism may reach new heights this year, as more mobile services and devices become available to consumers. This growing focus on the mobile space is leading to the evolution of commerce. Mobile payments are becoming a powerful force in many parts of the world. In the United States alone, the mobile payments market is expected to reach $142 billion by 2019, according to a recent report from Forrester Research. New devices could add some momentum to the…

Mobile payments may be coming to Facebook Messenger

10/08/201410/06/2014 Stephen Vagus

Computer science student stumbles upon a hidden feature in Facebook Messenger Mobile payments support may be coming to Facebook Messenger. Andrew Aude, a computer science student at Stanford University, has used an iOS application exploration developer tool called Cycript to uncover a feature in the popular messaging app. The app seems to have the ability to facilitate friend-to-friend payments, which would allow it to serve as a mobile commerce platform for Facebook. The social networking company has been interested in mobile commerce for some time, but has only recently begun…

Mobile payments options to be offered by Facebook

04/17/201406/06/2014 Jorge Gonzalez

The social network giant has nearly obtained the necessary Central Bank of Ireland approval for funds exchange. Facebook Inc. is extremely close to being able to join in the race for mobile payments, in which there are a rapidly growing number of participants, as it works to boost the availability of its electronic money services. The company is moving ever closer to receiving the approval they need to allow users to send and receive funds. At the time of the writing of this article, the Central Bank of Ireland had…