As advanced in a previous article, direct operator billing is an innovative system that requires mobile operators
to validate settlements. How does it work? When a customer decides to purchase
a product and opts for the payment
technology, the fintech firm is going to contact the telecommunication company
with whom the client’s phone number is registered. The network service
provider will validate the process and after confirmation, it will
authorise the financial
firm to complete the payment. Charges will be added to the shopper’s mobile
account.
Telecommunication firms process payments © Royalty-free image
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