Foursquare set to use Visa and Mastercard

Foursquare: the social location check-in service, has been in the press recently over its money woes. They’ve got enough cash, that’s for sure. Having survived a number of rounds of funding to receive hundreds of millions of dollars.

But investors have been rather gloomy when looking at revenue generated by the service. With over 20 active million users, it made just $2million in revenue.

But, with its newly announced partnerships with Visa and MasterCard and its continual rollout of new money making features, Foursquare seems to be gearing up to monetise its service and turn the investors’ frowns upside down.

Image by factoryjoe.

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