Social Commerce - Facebook Seals Payment Deal with Bango

Facebook Seals Payment Deal with Bango

In order to support its growing payments activity, Facebook has inked a payment services deal with payment and analytics solutions firm Bango, according to a report by Finextra.

While the terms of the deal were not disclosed, speculations have been flying about what initiatives the deal will propel. Some of the predictions carrying the most weight include in-app payment services as well as diversified operator-billing options across the social media giant’s mobile platform.

Last year, Facebook tagged $557 million in revenues from its payments sector – a large leap from its 2010’s $106 million.

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