facebook adds mobile payments square paypal

Mobile payments are a huge industry and growing by the day. PayPal, Square and a ton of other players are rushing to build as large a user base as possible to get in early on the gold rush that is mobile payments. It should come as no surprise that a popular social network is trying to get in on the game, and your favorite businesses are probably already active on the site. Which social network is it? Click through the break to find out!

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Facebook is rolling out PayPal-like features for mobile. Popular men’s clothing discounter JackThreads will be the first to pilot the new payment system. Apparently, Facebook’s new system will not compete directly with services like PayPal but will enable easier transactions for advertisers.

Via The Christian Science Monitor.