Facebook will soon allow users to purchase Digital Goods without Credit Card

Must Read

Can CBD Gummies Be Beneficial For College Students?

College students often feel more pressure than they have ever—or will ever—feel in their entire lives. Many students are...

Reliance Jio Buying Spectrum From Rival Bharati Airtel Is A Win-Win Deal

In what can only be called an unlikely deal between two rivals, Reliance Jio will be acquiring some spectrum...

Youtube New Content Moderation Policies Paying Off Well: Makes The Platform More Adorable

At a time when regulatory bodies are calling out online platforms for their inability to moderate content and curb...

Top rated Social Networking website Facebook will soon launch service to cater Asian users where Credit card won’t be required to buy any Digital Goods like ebooks, app, games etc. with partnership with Malaysian company named MOL Global, Facebook eyeing more Revenue potential & online trading by Asian members. Known as little less comfortable with Credit Card transaction, Asian people still rely more on prepaid cards compare to credit cards.

The partnership will enable people across Asia to obtain Facebook Credits using MOLPoints purchased through MOL’s network of more than 500,000 outlets such as 7-Eleven retail stores and cyber cafes in Malaysia, Singapore, Indonesia, Philippines, Thailand, India, Australia and New Zealand.

Facebook Credits allows users to buy and spend virtual currency in more than 150 applications on Facebook from many leading developers, eliminating the frustration of having to enter payment details separately for each application.

Advertisements

According to Facebook, the partnership makes purchasing Facebook Credits significantly more convenient in Asia, a region where consumers rely heavily on offline prepaid cards rather than credit cards to purchase digital goods and services.

Vaughan Smith, director, business and corporate development, Facebook, has said, “We are investing in the long-term future of Facebook Credits and we view this agreement as a major opportunity to broaden the availability of a simple, unified currency that can be used in games and applications across Facebook.”

“The relationship with Facebook demonstrates MOL’s growing role as a leading payment provider for social networking sites in Asia, especially in our core countries of Malaysia, Singapore, Indonesia, Philippines, Thailand and India,” Ganesh Kumar Bangah, group chief executive officer, MOL Global, has said.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Beware, New WhatsApp Security Flaw Can Let Hackers Suspend Your Account Permanently!

If you are someone who connects with their friends, family and colleagues via WhatsApp, then beware! A glaring new vulnerability...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded and unparalleled...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter, with a...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one of the...

More Articles Like This