Direct Carrier Billing: Giving CSPs a Share of the Mobile Payments
If you ask a group of 4 random people what the definition of “Mobile Payments” is, you’d likely get that many answers. Why? Because The Mobile Payments market is very broad. To some, it’s NFC, to others is virtual wallets, card readers, and to others its Direct Carrier Billing, among a few other things. What that means is when those of us read an article or report headline covering the World of Mobile payments, we instantly pull out our payment info and purchase a report, only to find that it doesn’t accurately cover the market we’re in, has incorrect stats, or completely misses the boat.
We’ve made it a goal of ours to do our part to educate the market and analysts, and so we’ve been securing many analysts and media briefings, and it’s starting to pay off.
One of the fruits of that labor is likely Analysys Mason’s recent report on DCB (really there aren’t many around, so this is huge)
Analysys Mason forecasts that DCB will provide CSPs with more than USD12 billion in revenue in 2022 – a significant stake in the growing mobile payments market.
We agree with the above, but we also think DCB offers technology that’s already here, and already ready, which makes it a great option for Merchants and Developers with existing online checkouts. There is no waiting game and no hardware to install – all that’s needed is an end-user mobile account. DCB offers amazing incremental revenue opportunities for everyone involved.