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Direct Carrier Billing
Direct carrier billing (DCB) is an online mobile payment method which allows users to make purchases by charging payments to their mobile phone carrier bill. The global direct carrier billing market has a current valuation US$ 54 billion (2022). A new study froJuniper Researchhas found that the value of end-user spend on digital goods via carrier billing will exceed $74 billion by 2026. Direct Carrier Billing is useful in mobile payments and interactive services for companies across media, charity, gaming, ticketing, mobility, and other digital services. It is especially effective in developing countries and undeveloped areas where credit card usage is not widespread. There are more than 1 billion adults that still remain unbanked or underbanked. Service providers * Bango plc * Boku, Inc. * Fortumo * Google Pay (mobile app) Google Pay (also known as GPay) is a mobile payments application developed by Google. It has been rolled out in India, Singapore, and the United States. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortumo Hosted DCB
Fortumo was an Estonian company which developed a platform for digital service providers for user growth and monetization. Fortumo's products allowed digital merchants to acquire new users through telco bundle partnerships and collect payments using carrier billing & mobile wallets. The company connected merchants to a network of more than 300 telcos and digital wallets in Asia, Europe, Latin America, the Middle East and Africa. The company started in 2007 as a spin-off of a mobile service company called Mobi Solutions. In July 2020, the company was acquired by Boku, Inc. and continued to operate under its existing brand within the group. In February 2022, the company announced consolidating its activities under the Boku, Inc. brand. Products Fortumo provided digital content merchants with the following products for user growth and monetization: * Payments platform: enabled digital merchants to collect payments from subscribers of over 300 mobile operators and digital walle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payment
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing country, developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payments
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which is estimated to be a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Developing Country
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unbanked
The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Causes Some reasons a person might not have a bank account include: * Lack of access via a nearby bank branch or mobile phone * Minimum balance fees * Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timingThe Unbanking Of America - ''Think'' interview with economist Lisa Servon * No access to government-issued ID, which is required to open a bank account The unbanked in the United States The ''unbanked'' are described by the[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Underbanked
The underbanked is a characteristic describing people or organizations who do not (or volunteer to not) have sufficient access to mainstream financial services and products typically offered by retail banks and thus often deprived of banking services such as credit cards or loans. The underbanked can be characterized by a strong reliance on non-traditional forms of finance and micro-finance often associated with disadvantaged and the poor, such as cheque cashers, loan sharks and pawnbrokers. Many people who are classified as underbanked may also have a language barrier, such as migrant workers, be unable to access banking facilities due to distance, such as the elderly, or simply feel uncomfortable using automated teller machines. The underbanked are a distinct group from the ''unbanked'', who are characterized by having no banking facilities at all. Distribution Small countries have fewer banking provisions than large countries, even allowing for the smaller size of their econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bango Plc
Bango may refer to: Music * Bango (music), a music style popular at the East African Coast that fuses traditional Portuguese, Arabic influenced taarab music and local coastal bantu languages * Bongo drum Bongos ( es, bongó) are an Afro-Cuban percussion instrument consisting of a pair of small open bottomed hand drums of different sizes. They are struck with both hands, most commonly in an eight-stroke pattern called ''martillo'' (hammer). The ..., an Afro-Cuban percussion instrument consisting of a pair of small open bottomed drums *Bango, a musical group best known for their 2006 cover of the song " Tarzan Boy" People * Bangó, surname Other * Bango (cannabis), a type of marijuana * Pangu (pronounced "Bango" in Korean), the creator in Chinese myth * Bango (mascot), the mascot of the National Basketball Association's Milwaukee Bucks * Bango, New South Wales, a locality near Yass, New South Wales * Kecap Bango, a brand of sweet soy sauce {{Disambiguation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortumo
Fortumo was an Estonian company which developed a platform for digital service providers for user growth and monetization. Fortumo's products allowed digital merchants to acquire new users through telco bundle partnerships and collect payments using carrier billing & mobile wallets. The company connected merchants to a network of more than 300 telcos and digital wallets in Asia, Europe, Latin America, the Middle East and Africa. The company started in 2007 as a spin-off of a mobile service company called Mobi Solutions. In July 2020, the company was acquired by Boku, Inc. and continued to operate under its existing brand within the group. In February 2022, the company announced consolidating its activities under the Boku, Inc. brand. Products Fortumo provided digital content merchants with the following products for user growth and monetization: * Payments platform: enabled digital merchants to collect payments from subscribers of over 300 mobile operators and digital walle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Google Pay (mobile App)
Google Pay (also known as GPay) is a mobile payments application developed by Google. It has been rolled out in India, Singapore, and the United States. History On November 18, 2020, Google launched a companion app in the United States. Since the launch of UPI in India, several payment apps like BHIM UPI, PhonePe, Paytm, etc have emerged and Google Pay is also one of them. The BHIM app was the first payment app introduced by the Indian government. Following that, many companies rose to prominence by launching their own UPI app with a better interface and simpler system. It functions as an expansion of the Singaporean and Indian versions of the app, the company announced the Google Wallet companion app during the 2022 Google I/O keynote, which replaced the 2018 Google Pay app while co-existing with the 2020 one after it was launched on July 18, 2022. Country availability See also Tez (software) Tez was a mobile payments service by Google, targeted at users in India, late ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Systems
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, instruments, people, rules, procedures, standards, and technologies that make its exchange possible.Biago Bossone and Massimo Cirasino, "The Oversight of the Payment Systems: A Framework for the Development and Governance of Payment Systems in Emerging Economies"The World Bank, July 2001, p.7 A common type of payment system, called an operational network, links bank accounts and provides for monetary exchange using bank deposits. Some payment systems also include credit mechanisms, which are essentially a different aspect of payment. Payment systems are used in lieu of tendering cash in domestic and international transactions. This consists of a major service provided by banks and other financial institutions. Traditional payment systems include negotiable instruments such as drafts (e.g., cheques) and documentary credits such as letters of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
