Facebook has been pushing their Credits product heavily over the past few weeks and this evening the company announced a partnership with Asia payment service provider MOL. MOL also is the owner of Friendster.com as well as other social networking portals in the region. This partnership will give Facebook a new distribution channel for Credits which includes the ability to sell Credits through MOL-owned websites as well as “7-Eleven stores and cybercafes” in the region.
This is a major deal for Facebook as MOL’s network has “more than 500,000 outlets, which are mainly in Malaysia, Singapore, Indonesia, Philippines, Thailand, India, Australia, and New Zealand”. While Facebook may not be making a lot through their Credits Platform right now, becoming one of the leading virtual currency providers appears to be a major priority for the company. With a standard 70/30 split with a number of large developers, Facebook Credits will be gaining significant traction in the coming months.
This partnership will definitely accelerate the company’s growth. We’ll be covering the ongoing expansion of Credits as it becomes a global virtual currency platform.
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[...] announced an expansion to the payment methods for users buying Credits. Recent additions include MOL points in Asia and Target gift cards in the U.S. but more are in the pipeline. “Working with PlaySpan, we [...]
Pingback by Facebook expands Credits virtual currency — October 13, 2010 @ 6:24 pm
ewrwert
Comment by tansihq — January 25, 2011 @ 7:01 am
Wheres my 500credits?
Comment by Jussi — September 11, 2011 @ 8:37 am
yeah! where is the 500 credits?
Comment by Jamie Koalah Esplanada — September 17, 2011 @ 10:25 pm
where is my 500 credits
Comment by Luka Sexan Dautovic — September 19, 2011 @ 4:39 pm
500credit
Comment by Nadia Et Kayzie — September 26, 2011 @ 7:46 pm
I think we were Swindled….
Comment by Thomas R Schell — October 16, 2011 @ 1:26 pm
che inculata per fortuna che so riuscito a bypassare l'abbonamento XD
Comment by Alessandro Grevier Pettirossi — October 23, 2011 @ 8:50 am
come on im cant keep waiting
Comment by John — December 7, 2011 @ 11:44 pm
where is my 500 credits ALLFACEBOOK?
Comment by dominique kane — December 16, 2011 @ 6:35 am
where is my 500 credits ALLFACEBOOK?
Comment by ken horwood — January 26, 2012 @ 8:59 am