Facebook Acquires Mobile Payment Startup TagTile

What a week for Facebook! Starting with the record-shattering $1 billion USD deal to buy photo sharing mobile app Instagram and now another mobile app purchase. This time it is TagTile, a startup mobile payment and loyalty application company based in San Francisco.

TagTile is another purely mobile purchase for Facebook, (available as a free download in the App Store and Google Play) but this is aimed specifically at mobile commerce. This purchase continues Facebook’s focus on generating revenue for their upcoming stockholders while providing an unmatched social mobile experience. Additionally, the Facebook acquisition of TagTile comes on the same day that the social media giant has officially released Facebook Offers. View the video Introducing Facebook Offers on Facebook’s official YouTube page.