Neomobile highlights the key findings from the latest OVUM report on Carrier billing global market trends and the forecasts
A new (soon to be published) report from OVUM powered by Neomobile, entitled ‘Global carrier billing market trends and forecasts’, estimates the increase of carrier billing connections and the global revenues, including the rapid growth of the mobile digital goods share.
The highlights from this insightful analysis focus on the definition, market dynamics & forecast for Carrier billing, the most frictionless of payment mechanisms available to mobile users.
We have selected 3 key facts that provide an insight into the importance of this payment method, its advantages and the rapid growth, some of the reasons why it has a potential of becoming the preferred global mobile payment method of the future.
OVUM report highlights
- OVUM defines carrier billing as a technology that enables mobile users to make payments to third parties through their monthly phone bill or prepaid credit, and covers direct operator billing, PSMS, and WAP/Web billing, with the latter two primarily belonging to the feature-phone era.
- Direct operator billing is a direct link between third parties and an operator’s billing system. This payment system provides a seamless user experience, it is flexible, reliable, and instant, with a real-time reporting on transactions and user experience.
- With the overview of the market in its entirety, the report forecasts that global carrier billing revenue will reach more than $24,7 bn by 2019 – a significant increase compared with previous reports published on carrier billing.