There are many companies working across the globe on Micropayment concepts using telecom carrier as mode of payment processing. Boku takes around 60 days to transfer funds to the merchant’s account while all the online payment gateway companies take maximum 2-10 days to transfer the fund. Boku partners with a mobile operator or carrier company and ensures a safe and secure transaction ;its a great tool for making Micro Payments. Back in 2009, Boku tried to launch itself in India and partnered with Airtel as the carrier network. Mobile micropayments can solve the problems of online payment in India if it is launched properly with the tie ups with Telecom Carriers only. Payment channels solve both of these problems. Others like Flattr and Patreon are offering channels to distribute cash normally, albeit in smaller amounts. A digital currency such as M-PESA in Kenya, which allows the unbanked to send small amounts of money to others via SMS, is an example of a mobile phone-based currency.

by josieutl51 | Oct 29, 2022 | Uncategorized