FB to launch Facebook Credits for Indian users from July 1 -Governance Now

FB to launch Facebook Credits for Indian users from July 1

To enable fast and easy transactions across games on the social networking site

PTI | June 30, 2011

Social networking site Facebook will next month introduce a payment system 'Facebook Credits' for Indian users who could spend the virtual currency across various games or applications they use on the popular website.

A virtual currency, Facebook Credits is already popular among gaming enthusiasts in many other countries, including the US. "Facebook will introduce a new payment system Facebook Credits in India from July 1," a company spokesperson told PTI.

Facebook Credits enables fast and easy transactions across games on the social networking site and would benefit about 2.5 crore Facebook subscribers in the country.

The users would be able to enter their payment information once and can buy, earn and spend safely across various games or applications they use on Facebook.

"Starting July 1, we will require all social game developers on the Facebook canvas platform to process payments through Facebook Credits," Facebook Platform Marketing Manager Deb Liu wrote on the company's official blog in January.

This will also help various brands, which use the medium of Facebook to retail them goods through their social pages. "Facebook Credits is currently used in more than 350 applications from 150 developers, representing more than 70 per cent of virtual goods transactions volume on Facebook," Liu had said.

Facebook Credits would also offer incentives such as early access to product features, premium promotion on Facebook, premium targeting for ads, and access to new co-promotion opportunities.

Many developers such as Zynga, Playfish, CrowdStar, Digital Chocolate, PopCap and Arkadium have already adopted Facebook Credits for in-game virtual goods.

Comments

Other News

Maharashtra adopts hybrid model for Census 2026 data collection

The government has initiated preparations for Census 2026 in Maharashtra, introducing a hybrid approach that combines optional self-enumeration with comprehensive door-to-door data collection to ensure complete coverage across the state. According to senior officials, the Self-

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print. A decade ago, to take a loan, you had to do some paperwor