Almost every Facebook users, who has ever played any sort of game on the social networking service, must be accustomed to the intricacies of how Facebook Credits work. In the virtual world of creating armies, farms or simply maintaining one’s mafia familiy would require a user to have access to money and to facilitate virtual money for the users, Facebook had released a feature called, Facebook Credits, wherein the users could buy these virtual credits for real money and then use them to buy virtual goods for their applications and games on Facebook.

Now, one of the biggest Internet companies in South East Asia, MOL Partners, that had also acquired, Friendster, has now announced that, the company has entered into a partnership with Facebook, to bring the Credits phenomenon to the better part of the Asian continent. With the help of this deal, millions of users in Asia will be able to take benefit of Facebook Credits and MOL AccessPortal will be acting as the payment provider for Facebook credits. Users in various countries such as Malaysia, Singapore, Indonesia, Philippines, Thailand, India, Australia and New Zealand will soon be able to purchase Facebook credits using MOL Points via 7-Eleven stores and cybercafés, as well as through online banking systems, that are affiliated with MOL.

According to Ganesh Kumar Bangah (CEO, MOL Global),

“The relationship with Facebook demonstrates MOL’s growing role as a leading payment provider for social networking sites in Asia, especially in our core countries of Malaysia, Singapore, Indonesia, Philippines, Thailand and India. Over the last few quarters, we have seen a double-digit increase in payment transactions and payment volume. This partnership continues MOL’s momentum to build the largest end-to-end content, distribution and commerce network in Asia.”

Via Techcrunch