Facebook tests payment system-the social network for competing with PayPal and Amazon

Facebook_news_feedThe Facebook you will be testing a payment system for those users who have signed-up for a credit card, to the social network using the same sign-in information to make in-app purchases for partners. The goal is to speed up the purchase of the social network, and also to make the process easier, via the mobile device. The system will be a competitor of the PayPal, Google and Amazonin addition to new start-ups such as Braintree and Klarna.

According to the web site AllThingsDthe first partner would be the one JackThreadssite for shopping for young people who have a large portion of its revenue from purchases made through their mobile devices.

A spokesman for the PayPal said in a statement to the american site which has a good relationship with the Facebook and it is expected that this will continue. “We've invested in payments-mobile since 2006, and last year 10 percent of our total sales volume on a regular basis The US$ 14 billion came to mobile devices. Even so, we always welcome competition and we can't wait to see what the Facebook he's a smart,” concludes the note from the company, payments at a distance.

Source: ProXXIma

Translated by Yandex.Translate and Global Translator

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