FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Facebook Payments Arm Gaining Access to Nearly 1.2 Billion Users

JJ HornblassbyJJ Hornblass
February 27, 2012
in Archive
Reading Time: 2 mins read
0
Share on Facebook

Facebook today announced that it is working with nine mobile phone carriers on a streamlined payments system through its Pay Dialog platform.

Pay Dialog facilitates mobile payments through Facebook.

In all the nine companies — AT&T, Deutsche Telekom, Orange, Telefónica, T-Mobile USA, Verizon, Vodafone, KDDI, and Softbank Mobile Corp. — have 1.19 billion mobile customers. (For those of you keeping score at home,Vodafone is tops with 398.1 million mobile customers.) The companies could give Facebook a massive entry point into mobile payments.

Specifically, Facebook said today that it is working with the operators “to minimize the number of steps needed to complete a transaction in mobile web apps, which will make it easier for hundreds of millions of people worldwide to purchase apps on their device via operator billing.” Added Facebook, “our hope is that these initiatives — the Open Graph, the Core Mobile Web Platform Community Group at the W3C, and our partnerships with carriers to improve mobile payments — will enable developers all over the world to build mobile experiences that improve the lives of billions of people.”

Facebook now has 425 million users.

The streamlined billing with the nine operators will likely make it easier for Facebook to offer paid content, even beyond in-game credits.

The take from TechCrunch:

This looks like it may be the fruit of the Bango relationship that was announced earlier this month. It also builds on some mobile payments services that Facebook already offers: it works with Boku and Zong to let users make payments for Facebook Credits using their mobile devices — however these are for Credits that are redeemed on desktop apps. Integrating with carriers directly puts Facebook’s mobile activities even closer to the point of sale.

Clearly, Facebook is focusing more on its mobile business, to the point where Facebook CTO Brett Taylor said today, “We think of mobile as the most natural vision of Facebook. It is what Mark Zuckerberg would have made eight years ago if the technology was available at the time.” 

The revenue driver: payments.

 

CARRIERS — # OF MOBILE CUSTOMERS*

AT&T — 103.2

Deutsche Telekom — 95.7

Orange — 167.0

Telefonica — 238.8

T-Mobile USA — 33.2

Verizon Wireless — 87.4

Vodafone — 398.1

KDDI — 35.0

Softbank Mobile — 28.1

TOTAL — 1,186.5

Source: Bank Innovation

*In millions

 

We will present a session on mobile wallets and mobile payments at our upcoming Bank Innovation 2012. For more details, click here.

Previous Post

Banks Need to be Proactive to Stop Switching Trend

Next Post

Reducing Large Program “Churn”

Related Posts

(Courtesy/Bank Automation News)
Archive

Lama AI wins fintech demo challenge at BAS

March 4, 2025
Courtesy/Grasshopper Bank
Archive

Grasshopper Director of Engineering & Platforms Andrew Braun to speak at Bank Automation Summit 2025

February 12, 2025
Courtesy/Canva
Archive

Q&A with LemonadeLXP CEO John Findlay on AI-driven knowledge management, training

January 9, 2025
Next Post

Reducing Large Program "Churn"

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account