Friday, June 05, 2009

Facebook brings in payment system

Micro-payments have been heralded as the holy grail of e-commerce since 1999. Europeans and Asians sometimes use their cellphones to pay for online services (or virtual goods) but no one managed to deliver a popular, universally accepted web only solution. I believe Facebook could be the one to deliver it. Gartner reckon that direct payment could amount to a third of Facebook's revenues. Article on the FT.

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