Mobile payments options to be offered by Facebook

Facebook mobile payments

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…

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Mobile payments are rapidly evolving in Africa

africa mobile technology

Though M-Pesa from Kenya is still the most successful, the market is growing quickly. M-Pesa, the mobile payments program from Kenya’s Safricom, is easily the top form of smartphone transaction in Africa, but that marketplace is rapidly growing and evolving with many other players taking part. Many are surprised to find that there are parts of Africa where its competitors are in the lead. Africa is one of the regions where mobile payments are taking off like wildfire. In fact, the population appears to be making massive move toward a…

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