Facebook in deal to sell site credits in Asia

Facebook is partnering with a Malaysian company to sell credits at retail outlets across Asia for the first time, aiming to make it easier for millions of people to purchase virtual goods and play games on the social networking site while boosting revenue for developers.

Electronic payments company MOL â€” part of the business empire of tycoon Vincent Tan â€” will offer the online currency from Aug. 1 at more than 500,000 outlets including 7-Eleven stores, Internet cafes and online banks in five Southeast Asian countries, India, Australia and New Zealand, company spokesman Nor Badron said Friday.

The move is targeting people who don’t have a credit card, particularly younger Facebook users, and those who don’t want to take the risk of making electronic payments online.

“Asia has a huge gaming community, and it’s typically young people,” Nor said. “The penetration for credit cards is very low… so the developers are not making money and missing this opportunity.”

Nor said MOL already sells prepaid credits for other online games at its established network of stores, but it will be the first time that consumers can buy credits for Facebook’s applications, including such popular games as Mob Wars and FarmVille, without credit cards.

source: news.yahoo.com

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Gishore James

Manager Technology at Quikr

I am a highly successful, competent team member with a background of extensive hands-on project implementation experience. My success has been both internal to the companies to which I’ve contributed and external to clients and customers.Having the knowledge of setting up efficient & cost effective technology solutions, internet innovations, large scale IT implementations, helps me to find out the unique one in the way of my career.