Tuesday, 26 January 2021

Direct operator billing: a new payment tech

 

Thanks to development in the fintech sector, unbanked and underbanked customers are able to pay online easily. This is because of the direct operator billing infrastructure. This system is a result of a collaboration between network service providers, content developers and financial firms. It might surprise you but there are no banks involved at all in this partnership. Thus, a credit or debit card is not required to conduct a transaction on the Web. Just a mobile account and a device, either a smartphone, a tablet or a PC, that is connected to the Internet is needed. Charges are added to your phone bill.

Payments are processed via your phone bill


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