Facebook are planning to test a new mobile payments service to let the user base make payments inside mobile applications using payment information they have added to their Facebook account.
Facebook said that they are working on a ‘very small test’ however there is, as yet, no set time to make the service available to users. Stored payment information could be used to automatically complete checkout forms of some mobile applications. The app would then make the final purchase.
Spokeswoman Tera Randall said in an emailed statement that Facebook has a ‘great relationship with PayPal, and this product is simply to test how we can help our app partners provide a more simple commerce experience.’ She added that it won’t involve moving payment processing ‘away from an app’s current payments provider, such as PayPal.’
Kitguru says: Time will tell if this will work for most people, or whether they will want to use other means of payment.