Social networking website Facebook has closed an agreement with Asian payment services provider MOL to market its Facebook Credits via the latter’s network of stores, according to allfacebook.com.

Via this agreement, Facebook will make available a new distribution channel for Credits which includes the ability to sell Credits via MOL-owned websites as well as 7-Eleven stores and cybercafes.

MOL possesses a distribution network which includes more than 500,000 outlets located in Malaysia, Singapore, Indonesia, Philippines, Thailand, India, Australia, and New Zealand. In December 2009, MOL Global, an affiliate of online payment solutions provider MOL AccessPortal Berhad (MOL), agreed to acquire 100 percent of Friendster, from a group of investors backed by Kleiner Perkins Caufield & Byers, Benchmark Capital, DAG Ventures and IDG Ventures.