21 October 2017
visit www.avoka.com

ClickandBuy launches P2P payments app for facebook users

18 January 2010  |  9699 views  |  0 Online Buy and sell button

UK e-money institution ClickandBuy is to launch its first person-to-person payment service as a downloadable app for use by facebook friends and developers.

ClickandBuy - which operates an online payment system for Internet merchants - says the new app is geared toward "normal" users and to developers/marketers of apps.

Facebook users can both transfer money - after loading the account beforehand with ClickandBuy - and request money directly from facebook friends. Payments up to EUR50 in euro and dollar currencies will initially be available in the first stage of the roll out.

ClickandBuy CEO Charles Fränkl notes that over 1 billion images and 10 million videos are uploaded to facebook every month - and the general Internet trend continues to evolve in the direction of paid content.

"The monetisation of the Web 2.0 has just started; the significance of social networks continues to grow," he says. "We are making our first person-to-person payment service available to the world's largest social networking community - and others will soon follow."

ClickandBuy broke the EUR1 billion barrier for online payments in 2009 and the system is currently used by 16,000 merchants and 14 million users worldwide. The ten-year old company was awarded an e-money license by the Financial Services Authority in 2006.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Chase philanthropy campaign attracts 1m Facebook users

Chase philanthropy campaign attracts 1m Facebook users

18 December 2009  |  4316 views  |  0 comments
E*Trade offers stock pick status updates for facebook friends

E*Trade offers stock pick status updates for facebook friends

09 December 2009  |  5342 views  |  0 comments
Thomson Reuters looks for Top Traders on facebook

Thomson Reuters looks for Top Traders on facebook

27 November 2009  |  11261 views  |  0 comments
Facebook begins testing virtual payments system

Facebook begins testing virtual payments system

01 June 2009  |  12946 views  |  1 comments
Facebook hit by phishers again

Facebook hit by phishers again

15 May 2009  |  5910 views  |  0 comments
Zuora introduces subscription billing for Facebook apps

Zuora introduces subscription billing for Facebook apps

03 March 2009  |  5172 views  |  0 comments
Fraudsters hijacking Facebook accounts

Fraudsters hijacking Facebook accounts

11 November 2008  |  14158 views  |  0 comments
Pre-paid outfit Mint targets Facebook gamers

Pre-paid outfit Mint targets Facebook gamers

03 September 2008  |  5738 views  |  0 comments
Visa taps Facebook users

Visa taps Facebook users

24 June 2008  |  8051 views  |  0 comments
Facebook users want Web 2.0 banking

Facebook users want Web 2.0 banking

04 June 2008  |  19843 views  |  0 comments
Moneybookers launches online payments application on Facebook

Moneybookers launches online payments application on Facebook

16 May 2008  |  12737 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.atos.netvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8895 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8657 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7720 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7203 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6811 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job