Facebook testing Mobile ShoppingLast Updated: August 22, 2013
Facebook intends to test a new payments product in a bid to simplify mobile purchases according to Tech blog AllThingsD. The product would require users to store their credit card details on their Facebook site. The user would then be allowed to make purchases on partnering e-commerce mobile apps without entering any billing information. The initial test will involve JackThreads A Thrillist Co, a shopping site for men.
If Facebook were to launch the product beyond its testing phase they would possibly come up against the likes of digital payments giant PayPal. However for now Facebook’s test is centered on creating a better mobile checkout experience and not related to payment processing. Facebook even went as far issuing a statement to AllThingsD to confirm as such “We continue to have a great relationship with Paypal, and this product is simply to test how we can help our app partners provide a simpler commerce experience. This test does not involve moving the payment processing away from an app’s current provider.”Google+