Today, given the outbreak of COVID-19 and the consequent lockdowns, the world has witnessed an unprecedented growth in e-commerce and accelerated digital transformations.
Digital consumption patterns and mobile payments have had a significant increase as consumers are turning to purchase more goods, content, and services online than ever forecasted before, and these online purchases are increasingly being performed on a mobile device. Providing an immediate, convenient, cashless and secure mobile payment method is therefore crucial for today’s digital and mobile-savvy consumers.
While payment systems via credit cards and e-wallets are considered key payment methods, there are over 2 billion unbanked adults worldwide. On the other hand, almost 7 out of every 10 people globally are mobile subscribers. There is, therefore, a potential market exceeding 5 billion customers globally to target for buying digital content and goods online. This promising M-Commerce payment market provides a great opportunity to both, Mobile Operators and Merchants alike for payments by phone.
Direct Carrier Billing
DCB (Direct Carrier Billing), also known as DOB (Direct Operator Billing), is a safe and reliable mobile payment model that allows customers to pay for online content, goods and services directly via their mobile phone bill. Payments are completed through a direct connection with the Mobile Operator to which end users are already subscribed to, and who they already trust.
Monty Mobile’s DCB offers an easier way for existing customers to buy and subscribe to services by giving them a viable payment option. Our proposed platform is designed to overcome any technical complexity of integration for both mobile operators and merchants. It provides future-proof functionalities that allow customers to enjoy a seamless purchase experience.