6 New Multibillion Dollar Businesses Facebook Can Bank on
2. Person to Merchant Payments:
Facebook can venture in the person to merchant payment sector in Countries such as India; Indonesia etc which are largely cash based economies. It would be easier to set up camp in such nations as compared to United States where going up against Visa, MasterCard, AmEx, and Discover will be incredibly difficult. And Facebook is more likely to rule the market since the basis of commerce is trust and Facebook as a brand is trusted by over 1/7th of the world’s population.
