The direct operator billing system has revolutionised the
fintech industry. It is a payment tech that gives you the opportunity to pay
online without a credit card. Digital
Global Pass has used this to design its settlement services.
How is this tech innovative? A decade back, financial
facilities were provided by banking institutions. This means that, to process
an e-payment, a client had to have a credit/debit card or at least a bank
account. Nonetheless, as surprising as this might sound, there are many
unbanked and underbanked customers in the UK. As such, they could not enjoy the
same privileges as others with regards to e-shopping. To find a solution,
network service providers, content developers and fintech firms have come
together so that these people can pay
online easily.
This has led to the creation of direct operator billing
which allows even those who do not have a bank account to process transactions
on the Web. They just have to opt for SMS+ or Internet+. These methods only
require them to use their mobile account and a device which is connected to the
Internet. When they purchase a multimedia content, their network service
provider will process the transaction and it will add the price of the item to
their phone bill at the end of the month.
Innovative services have been used by Digital Global Pass
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