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August 15, 2013 12:58 pm -05

Report: Facebook Testing PayPal Rival for Mobile App Purchases

Facebook-mobile

Facebook will attempt to give in-app commerce on the platform a boost with an upcoming mobile payment system, according to a report.

AllThingsD reports that the company "plans to test a new payments product that would allow online shoppers to make purchases on mobile apps using their Facebook login information." The system, a potential competitor to mobile payment options like PayPal, would let any consumer who has previously logged his credit card information into Facebook make purchases on partnering mobile apps without having to re-enter that data.

See also: PayPal Galactic: For All Your Future Space Purchases Read more...

More about Facebook, Paypal, and Business

Original Link: http://feeds.mashable.com/~r/Mashable/~3/6uniUkpz6h8/

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