Zuckerberg's e-money transfer license application in Ireland is a prelude to monetizing the e-commerce trade inside Facebook. I no longer play games on Facebook (FB). Many of the 1.28 billion ...

"The market for money transfer is very, very large," said Taavet ... requiring it to segregate funds equivalent to the amount of e-money it issues. Payments and e-money services are an expanding ...

According to reports, Facebook is currently planning on a brand new money transfer service that will ... in its European base in Ireland for "e-money" status. Once approved, the base will then ...

The service also offers agents the flexibility to transfer e-money back to these accounts whenever required, ensuring that they can offer digital transaction services to customers round the clock ...