Rumor: Facebook is working on service for online transactions





Facebook is working on a service that makes online transactions. So say sources told the Financial Times. Users would be using their Facebook data transfer. Money to others

The social networking site, according to the Financial Times, close to obtaining the consent of the Central Bank of Ireland for the service. If the central bank allows Facebook an electronic money institution is, the service across Europe will be valid through ‘passporting’. That is the right to offer financial services. Using a single authorization in all EU countries According to the sources, users can then use the service to put money on their Facebook account and to transfer to others.

The sources of the Financial Times also claim that Facebook has held talks with three London start-ups that already provide a platform for international money transfers via the Internet and smart phones: Transfer Wise, Moni Technologies and Azimo. In addition, there are rumors that a co-founder of Azimo has got to go as director of business development of the service. Started an offer of 10 million euros Facebook would not confirm this.

By introducing the service, Facebook battle with include PayPal and hopes to increase it. Its presence in emerging markets According to someone who claims to be the strategy of Facebook, the social networking site known would prove useful in the developing world. Transfers and virtual operations would play a crucial role. Previously published reports already have a similar service.


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