Did you miss a session from the Future of Work Summit? Head over to our Future of Work Summit on-demand library to stream.
Facebook Credits are heading offline and coming to hundreds thousands of outlets in Asia in a deal that could boost the company’s social gaming revenues on the continent.
The social network is partnering with MOL, the Malaysian online payments company that bought Friendster. The company facilitates about $200 million in transactions a year in the region.
One of MOL’s subsidiaries will become a payments provider for Credits, allowing Asian users to exchange the Malaysian company’s virtual currency MOLPoints for Credits. On top of that, users will be able to buy Credits from 500,000 outlets including 7-Eleven stores and cybercafes throughout Indonesia, Singapore, Malaysia, Thailand, India, Australia and New Zealand.
Because credit card penetration is lower throughout these markets, offline prepaid cards will help on-board paying social gamers in what has become Facebook’s fastest growing region.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more