While it is not a new entrant in the fintech industry, the direct operator billing system is still a mystery to some. It is a phone bill payment infrastructure. This means that when customers purchase an item online, their network service provider is going to process the transaction. After validation, charges will be added to their invoice. This payment solution first gained traction in developing countries. This is because in these areas, people do not have access to banking facilities and credit cards. In contrast, smartphones are easily available. Thus, carrier billing, which promotes financial inclusion, is more convenient.
Carrier billing is not linked to banks
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