Kuala Lumpur, Malaysia – Facebook announced on Thursday that
it has partnered with MOL Global, the Malaysia-based online payments firm that
acquired Friendster last year. Under the deal, MOL will now sell Facebook
Credits virtual currency through its website as well as through its network of
more than 500,000 retail outlets, located mainly in Malaysia, Singapore,
Indonesia, Philippines, Thailand, India, Australia and New Zealand.
companies will offer co-branded gift cards that can be redeemed for Facebook
Credits, which let Facebook users purchase games, virtual gifts and other
"Working with MOL means we can offer the benefits of Facebook
Credits to millions of people in Asia using a payment system that is already
widely used and trusted," said Vaughan Smith, director of business and
corporate development at Facebook.
"We’re investing in the long-term
future of Facebook Credits and we view this agreement as a major opportunity to
broaden the availability of a simple, unified currency that can be used in
games and applications across Facebook."