Fastacash bets on social media payments surge

SingaporeSMH — Payments business Fastacash is predicting a multibillion-dollar boom in money transfers between people via social media apps such as Facebook and WhatsApp, as it eyes a potential Australian listing. The Singapore-based firm, reported to be planning a float on the ASX, is one of several companies targeting the potential for consumers to use social media apps to send money, as well as pictures or videos, to friends or family.

http://www.smh.com.au/business/banking-and-finance/fastacash-bets-on-social-media-payments-surge-20160411-go3ipa.html

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