Revolutionising the fintech industry, phone-bill payments are becoming increasingly popular. Such
services are offered by Digital Global Pass. If you have not heard about them,
keep reading!
The financial firm has used the latest technology to design
its settlement facilities. Thus, they are not like the ones offered by banks at
all. Instead 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. Banking institutions are not involved. 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.
How to proceed if you wish to use SMS+ and Internet+ to
purchase something? 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 buy an item, its price will be added to
your phone bill at the end of the month. As such, when you receive this
document, you will have the opportunity to oversee your expenditures.
SMS+ and Internet+ are phone bill payment systems
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