Facebook Partners With Bango To Introduce Mobile Payments And Operating Billing

Posted on Feb 8 2012 - 9:40am by Editorial Staff

After a long, excited as well as tense wait, Facebook filled S-1 papers to raise $5 billion in its initial public offering of stock. With this much funds the company would be valued approx. $75 billion and with reportedly had more than 425 million mobile MAUs in December 2011.

A small piece of news hit the market suggesting that the social networking giant is looking to introduce mobile payments and operator billing for which it has signed an agreement with Bango. The deals terms are not being disclosed yet.

Bango provides the technology that powers commerce for businesses targeting the growing market of internet enabled mobile phone users. Bango’s products collect payment from mobile users for on-line content and services, and provide accurate analytics for mobile marketing campaigns and sites. Bango’s board believes it is too early in the relationship to accurately forecast the level of business which it may generate.

(Image Source: Facebook, Featured Image)

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.