Sensible people store their funds, however they are designated, in licensed, prudentially regulated, FDIC-insured, financial institutions; facebook is not such an institution (nor is eBay's clunky, soon to be independent, "PreyPal"), and therefore Facebook is no threat to the established players.

Methinks retail payments will stay firmly in the hands of the banks and MasterCard/Visa whose “MasterPass” and “Visa Checkout” will eventually bury the clunky "PreyPal" operation.

Then, one only has to look to all the hot air being pumped out of the Apple Dept of Spin and then compare that to the reality of the progress of Apple Pay to know that the great majority of people are perfectly happy with using their plastic cards ...

Unlike Apple (and presumably Samsung), the rest of the payments pretenders, such as eBay’s clunky “PreyPal”, are, in the main, simply “merchant” intermediaries—with all the disadvantages that non-dynamic interaction with the banks produces …

And, no doubt the members of the MCX consortium will be eagerly looking forward to dealing with PayPal now that it has acquired Paydiant—LOL