Did you know that e-payments can be processed by mobile operators as well? Indeed, banks
are not the only institutions offering financial services nowadays. With
developments in technologies, even telecommunication companies are able to
complete transactions.
These firms saw a niche in the financial sector. It was observed
that traditional online payment solutions
do not cater to the needs of unbanked and underbanked customers. Indeed, they
were unable to process settlements on the Web since they did not have a credit
or debit card and some form of banking details were required to purchase an
item online. Thus, telecommunication companies decided to come together with
fintech firms and content developers to introduce settlement methods that
everyone can enjoy. That is how SMS+ and Internet+ saw the light of day.
These payment solutions are offered by Digital Global Pass
and they are based on the direct operator billing infrastructure. To
purchase an item, online shoppers need a mobile account and a device that is
connected to the Web. After these two conditions are met, they will be able to
conduct settlements easily and within seconds. All the online operations
completed will be recorded on their phone bill at the end of the month.
Settlements are added to phone bills
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