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Carrier Billing: 1 in 5 Mobile Subscribers to Use Payment Channel Globally
- Carrier billing, a payment method allowing charges to be added to mobile phone bills, is making a comeback, particularly for MVNOs.
- Operators are leveraging carrier billing to offset revenue declines from traditional services like calls and texts.
- Carrier billing differs from Direct Carrier Billing (DCB) in that it covers a wider range of payments.
- Benefits for operators include earning a share of each transaction and enhancing customer loyalty.
- The carrier billing ecosystem involves multiple stakeholders like operators, billing platforms, regulators, and merchants.
- Factors driving the growth of carrier billing include increased smartphone usage, improved technology, and rising demand for digital goods.
- Trust, consumer protection regulations, and transparency are crucial for the success of carrier billing.
- Different types of carrier billing mechanisms include mobile-terminated SMS billing, mobile-originated SMS billing, Direct Carrier Billing, and WAP.
- Fraud risks exist in carrier billing, but compared to traditional methods, DCB is considered safer due to not requiring sensitive payment details.
- Global operator-billed revenue from carrier billing is projected to reach nearly $15 billion by 2029, driven by increased awareness and standardized APIs.
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