Have you heard of phone
bill payment systems? The services offered by Digital Global Pass are such
solutions. Keep reading to learn all about it.
The fintech firm has made sure to use the latest technology
to design its settlement facilities. They are totally different from
conventional ones. This is because SMS+ and Internet+ are based on the direct operator billing infrastructure. This
technology is a result of collaborations between network service providers,
fintech firms and content developers. You read it right! Banks are not involved
at all. This means that even unbanked and underbanked customers are able to pay
online easily. Years back, this was not possible. Now, there is no need to use
a debit or a credit card to conduct settlements.
So how do the phone-bill payment systems SMS+ and Internet+
work? You need a mobile account and device which is subscribed to the Internet
to complete a financial transaction. You either have to send text messages or
click ‘confirm’ on your network service provider’s website to validate the
settlement. When you purchase an item, its price will be added to your invoice
at the end of the month. As such, when you receive this document, you will have
the opportunity to oversee your expenditures.
Direct
operator billing is innovative
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