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Submission + - Facebook teams up with Bango for mobile payments (techworld.com)

sweetpea86 writes: UK-based mobile billing and analytics company Bango has signed an agreement to provide payment services to the world's biggest social network, Facebook. The terms of the deal have not been disclosed.

It is thought that the Facebook deal could indicate a new push by the social network into mobile commerce – a market that is expected to be worth $37 billion (£23bn) by 2016.

Facebook is under pressure from shareholders to monetise its 425 million active mobile users, after the company's recent IPO filing exposed its weakness in this area.

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Facebook teams up with Bango for mobile payments

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