One of the innovative systems of the fintech industry is the direct operator billing infrastructure.
Digital Global Pass’s payment solutions are based on this technology which has
revolutionised the world of financial services.
What changes did it bring? Also known as carrier billing, this system is a result
of collaborations between network service providers, content developers and
fintech firms. It does not involve banks at all. A few years back, this might
have been impossible since all e-payment solutions were offered by banking
institutions. Indeed, you had to have a credit or debit card to shop online.
Nowadays, that is not the case, just a mobile account is required. This is a
huge leap in the fintech sector since it promotes financial inclusion. Even
unbanked and underbanked customers can process transactions on the Web easily
and safely.
So how does direct operator billing work? It is connected to
telecommunication companies. For instance, if you opt for SMS+ or
Internet+, the solutions offered by Digital Global Pass, to purchase a
multimedia product, you can either send messages or click confirm on your
network service provider’s website. The latter will validate the payment and
add the charges of your acquisition to your phone bill.
Innovative
payment services can be accessed via Digital Global Pass
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