One of the
innovations that transformed the fintech
industry is the introduction of the direct operator billing system.
The SMS+ and Internet+ services function via this payment infrastructure. Based
on collaborations with telecommunication companies, it is different from
traditional solutions. Banking institutions are not involved in the settlement
procedures. Thus, in contrast to when a credit card was mandatory to process an
operation, consumers can now pay online
without sharing these details. This implies that unbanked and underbanked
individuals can also benefit from e-shopping services. For instance,
they can buy virtual products, such as games or songs, easily and safely.
The
direct operator billing system is suitable for unbanked customers
No comments:
Post a Comment