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Facebook Credits to be sold in Retail Stores

Friendster’s new owner, MOL, is helping Facebook sell FB Credits in Asia, including the Philippines. That means you should be able to buy Facebook Credits at a number of outlets, including 7-11 Stores, nationwide.

MOL has its own virtual currency called MOLPoints which is being sold at over half a million outlets across South-East Asia, including the Philippines, India, Australia and New Zealand.

These MOLPoints can now be used to buy FB Credits which members may then use to buy virtual items on Facebook (esp. FB Games).

A huge part of Asia still uses prepaid cards to buy online credits instead of credit cards and MOL has a large network of retail outlets, including the Philippines.

Seven (7) months ago, Malaysian company MOL bought Friendster to help it steer into the business of selling virtual goods/items.

While Facebook has grown exponentially in these parts of Asia, it has yet to see significant usage of FB Credits because of limited credit card penetration in countries such as the Philippines. Perhaps the prepaid option will change all these (via BusinessWeek).

Anybody out there buying FB Credits lately?

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Avatar for Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

10 Responses

  1. Avatar for Teknisyan Teknisyan says:

    @cris, IC and Dead:

    Yeah… I think MOL is trying it’s luck in FB since their investment on FS is not that successful. But I really don’t see FB Credits as a whole picking up here, even if there are people who are really addicted in FB, RE.. Farmvillagers!!!

  2. Avatar for cris cris says:

    @Tekinsyan- Agree.

    I’d rather spend my P20 on 7-eleven’s siopao while chatting on FB.

  3. Avatar for lawrence lawrence says:

    @mon

    isnt it free to comment here? low-life people living in the online world. hhaha peace..

    anyway I think that it wont be a hit here in the PH, cause we filipinos will love stuff as long as it’s free..

    buti sana kung ala-OL games with good graphcs sulit paggastosah :)

  4. Avatar for Mike B. Mike B. says:

    Hell no! FB was meant to be free! Boohoo capitalism!

  5. Avatar for IC DeaDPiPoL IC DeaDPiPoL says:

    So parang 3 phase ang conversion?

    Peso -> MOL Points -> Facebook Credits? (not counting kung me FB Credts -> Zynga Coins

  6. Avatar for Mon Makuto Mon Makuto says:

    @teknisyan,

    As I’ve expected, you still keep commenting senselessness into this blog.

    Go away, pest.

  7. Avatar for Teknisyan Teknisyan says:

    the only people that I think of buying facebook credit are those who are really… really… addicted to facebook.

    Like buying virtual gifts, apps and tractor plus weapons for your little warrior!!!!!! lols.

  8. Avatar for Abe Olandres Abe Olandres says:

    @Winston – I do all the gadget reviews myself, including taking the pictures. With other international stories, I get them from a lot of other tech sites like Engadget, TC, Giz, GSMArena, etc.

  9. Avatar for winston winston says:

    yuga, ito bang site mo copy-paste lang ng ibang top-tier IT blogs like neowin at engadget. ni-rerephrase lang yung post ng iba eh …

  10. Avatar for JP JP says:

    Aaack! It’s like that Ragnarok game all over again!

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