With
the remarkable strides and milestones being made in the technological world,
there has been an increasing use of mobile payment services and electronic
money transfer. The use of these methods of payments has not only been
triggered by technological advancements but also by the need and desire to
bring a great level of efficiency and speed in the field of monetary
transactions. The Facebook mobile payments services are expected to come just
at a time when most companies and especially those that deal with technology
are embracing the trend.
Basically,
this is a service that is aimed at enabling individuals and Facebook users to
keep money on Facebook and also utilize it to make global payments in addition
to making cash exchanges with other people using electronic money transfer.
This is a technological concept that could see Facebook make a great leap to
embracing current technology. In addition, this is a service that might see
them double or almost triple their annual profit if it turns out to be
successful.
The
though and decision to come up with this mobile payment service has been highly
motivated by some other large companies that have been fully utilizing the
service. The most common and well known is PayPal. This is a worldwide known
money transfer method that has gained a great extent of popularity. Its
popularity has been due to the great efficiency and effectiveness and thus many
other companies such as Facebook are also willing to follow the footsteps.
Google
has also been another company that has been on the verge of coming up with a
mobile payment service with the introduction of the Google wallet. However, in
spite of this discovery, this is a service that has not been quite successful
for the past few years.
Despite
the fact that the Mobile payment service in Facebook is really heating up,
there is some information and facts about the service that are yet to be
clarified. To begin with, there has been no clarification yet on the specific
countries or nations the service will be available. This means that there is a
possibility of some countries being left out in the plan. In addition, there is
yet an approval to come from the central bank of Ireland on when the service
will commence.
With
the much awaited mobile payment service in Facebook, it is quite clear that the
world is gradually changing into an environment where most monetary
transactions will be done through electronic money transfer.
Author
bio: I am Manton Angus. I am focus on custom essays online last so many years which have helped me out to gain
knowledge in various disciplines of writing assignments for all class of
students. I have worked in different essay writing companies from the last many
years..
