Telecom subscribers are getting smarter (so it’s not only the handset which is getting smarter haan!!!), demanding more and more and, at the same time many new players are entering the marketplace. To compete in this environment, operators have to not only maintain but also grow their part of the new value chain to gain loyal customers and adding new blended services which are ridding on their investment/infrastructure made during all those times.
While Convergent billing and the split OCS architecture tend to present many benefits to the operator, they could bring out complexities where the implementation of business rules can prove to be very difficult, i.e. you lose flexibility in case you give freebies (airtime, sms etc). In actual usage, Diameter Credit Control Request messages sent by Network Elements over Ro Interface will be
Convergence – Like many more industry professionals, I also have a dream is to see Convergence of Mobile Payments, ePayments (Payments Intelligence blended with AI, Ml and Data Science), Dedicated accounts on IN system for payments of subscription services etc. If these services can have few value-added services of […]
Accessibility is a critical success factor for any service. The role of informal institutions in providing financial services to the members of the community, and concludes by highlighting the opportunities these are present for formal financial service providers but in order to ensure accessibility of banking services, a bank has to have a wide branch network of fully branded brick and mortar marble banking halls with all the necessary security systems. The set up costs of these are so high and to recoup the same, the bank has to pass on the cost to the ultimate consumer.
Financial payments and banking started in a very inefficient and traditional way which was slow but still acceptable to the customers due to the stage in the information age. Initially, almost all the fun and joy in terms one double zero percent in shape of activities in the financial services (Except Non-Banking Services) space was attributable to banks with all the revenue being collected by the same entities…