Facebook Seals Payment Deal with Bango

By  |  February 8, 2012
 | 

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.

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    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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