Facebook Credits, the social network’s payment system and virtual currency, will be made available in 13 Latin American and Asian countries next month.
In Asia, Japan, Korea, the Philippines, Indonesia, Malaysia, Vietnam and Singapore will be getting Credits. In South America, the list is slimmer, with Argentina, Brazil, Chile and Mexico on the receiving list.
On July 1st, Facebook will require all developers to use Credits instead of other payment systems, and developers will be able to withdraw those credits as local currency through PayPal or their bank accounts — though Facebook warns that this will not be in the case in some government-embargoed countries.
Facebook Credits are used inside games and other applications on Facebook as a way to enable third-party developers to receive payments through the social network. Like iTunes, users can add credit to their Facebook accounts or redeem a gift card, and use that balance to instantly make purchase from within those apps.
More to follow, please refresh for updates.