Until now, Direct Carrier Billing (DCB) was a secure, easy and fast online payment method ideally suited for digital goods and services. However, now is the perfect time for carriers to introduce DCB for physical goods.
The data shared by Juniper Research supports that m-Commerce is already an important market driver and will continue to grow in the coming years. To be able to extend the advantages of carrier billing to online transactions of physical goods, the carrier needs to be granted with a Payment License or to be an agent of a Payment License Bearer.
Last January, Digital Virgo acquired a European Electronic Money Institution license. It allows us to increase our range of billing services – including physical goods – across Europe and securely collect turnover on behalf of our partners. Ultimately, it enables us to offer our customers new growth levers.
Opportunities of being an Agent of a Payment License Bearer
In line with the telecommunication exemption PSD2, Carriers are exempted to be licensed for Digital Goods, Charitable Activity and Ticketing – limited to Parking, Entertainment, Transport Services and Entry to events, under certain thresholds (€50 per transaction; €300 per billing month per person).
By being an Agent of a Payment License Bearer, Carriers can implement Direct Carrier Billing in new verticals such as: Electronic Vehicle charging, Fast-moving consumer goods, food and product delivery, e-Rental, Vending machines, vouchers and much more. Besides, a Payment License allows Carriers to go beyond the mentioned thresholds.
Most importantly, by being an Agent, carriers will be able to benefit from all these advantages without having to invest the large number of resources and time required to obtain a payment license.
Why you should partner with Digital Virgo?
In addition to having an Electronic Money License, we are a key player in the Telecom Payment ecosystem. Our global presence and local know-how make us a trusted partner for operators worldwide. Our technical and business experts ensure a plug & play DCB integration as well as an innovate solution that covers all your future and present needs.
Want to know more about how to become an Agent? Contact us here!
Overall Value Growth to Be Sustained Beyond the Pandemic Hampshire, UK – 16 th November 2020 : A new study from Juniper Research has found that transaction values for physical goods sales online will grow from $3.3 trillion in 2020 to $4.4 trillion by 2025, with this 33% growth […]