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Ping Facebook Mobile Payments

Facebook tests mobile payment service

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By Stephen Lepitak, -

August 17, 2013 | 2 min read

Facebook is about to test a mobile payment feature according to reports.

The social networking site is apparently about to explore the addition of a feature which allows its users to purchase items online having previously uploaded their payment details through their accounts.

Despite the new feature likely to become a direct competitor to PayPal, Tera Randall said that Facebook still had “a great relationship” with PayPal and explained that "This product is simply to test how we can help our app partners provide a simpler commerce experience.”

The payment process would not be handled by Facebook itself, but by e-commerce mobile app partners.

No time-scale has been set at present for rolling the product out live to users.

The UK already has mobile payment services such as Weve, Ping and this week saw a new launch in Stripe, which is already processing million of dollars in the US.

Earlier this week The Drum also reported the launch of mobile payment start-up CloudZync, which is being used by brands including restaurant chain Fratelli, to unite loyalty card data while allowing customers to pay for meals directly form their mobile phone.

Ping Facebook Mobile Payments

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