Will Facebook Join the Mobile App Store Craze?

Last week, Facebook confirmed that it had hired Prashant Fuloria, a former Google exec who worked on Google Checkout (among other projects) during his six years there, to be the director of product management and oversee the in-house payment system. Fuloria’s addition to the team has spurred speculation that Facebook will move into the mobile payment space as well. The mobile payment space is even more fractured, with venture capitalists, startups and big companies all backing a host of newcomers. But none of the other players has the active user base of 200 million-plus that Facebook can leverage. And mobile — where Facebook usage is exploding — is a natural fit for such a service.