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Wednesday, 16 April 2014

Can Facebook Inc Compete in Mobile Payments?

From Motley Fool

“Facebook has been looking for ways to diversify its revenue. The social network snatched up WhatsApp and Oculus Rift over the last couple months. Now, the company is reportedly in talks with the Central Bank of Ireland and three London-based start-ups that offer e-payment services.

E-payments is an area of interest for many big name tech companies. eBay is the market leader with PayPal, but it recently acquired BrainTree and its Venmo app for better mobile payments. Google has toiled around in e-payments for some time, but its services haven't attracted a large audience. Additionally, Apple is expected to try its hand at mobile payments at some point.

Facebook, however, may be able to execute better than any of them.

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