In the beginning of the year, we published a white paper describing the future of carrier billing. The audience in emerging markets now makes up a majority of the digital population. Most of them don’t have access to bank-based payments, meaning online companies need to adopt carrier billing to collect payments from them.
Gaming, social networking and streaming merchants are already doing this. But improvements in commercial terms and technical conditions will allow new segments to adopt carrier billing. In the next few years, we for example might see ridesharing companies and mobile commerce businesses start collecting payments through the mobile operators’ infrastructure.
This presents an interesting co-operation opportunity to mobile operators (who have the audience in emerging markets) and financial technology companies (who are currently serving companies with bank-based payments in Western markets). How come?
Fortumo’s CEO Martin Koppel recently took the stage at Money20/20 Europe and explained how financial technology companies and mobile operators could work together to solve the emerging markets payments challenge.
Check out the video of the presentation below: