Not too long ago, mobile operators had one job:
to create and distribute some form of network that allows people to communicate
with each other via telephone. Gradually, this evolved so that individuals can
access the Internet on their devices and now, things have gone even further.
With developments in the fintech space and thanks to collaboration between various
parties, telecommunication companies are able to process payments nowadays.
Several firms came together to create the direct
operator billing system. This is the tech that Digital Global Pass has used
to design its settlement services. What is it exactly? Well, this system allows
network service providers to process charges for online shoppers via their
mobile account. The mobile operator will use the buyers’ details in its
possession to verify his/her identity and validate the settlement. Charges will
be added to their phone bill.
As such, if you want to use SMS+ or Internet+, you do not need a credit/debit card or a bank account. This is some welcome news for unbanked and underbanked customers who could not enjoy online buying facilities. Now, they do not have to worry about anything. They just need to be equipped with a device that is connected to the Internet.
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