Subscribe to our newsletter to keep up to date with the evolution of this ever-changing ecosystem.Ģ. It reduces the payment process x5 compared to credit cards. Carrier Billing is particularly the preferred one since it can register and charge the user through just 1 single click. New consumer habits show how users progressively demand a streamlined shopping journey in which they need to spend as little time as possible to make a purchase.Īlternative Mobile Payment methods (One-Click Payments, Wallets, Contactless…) offer exactly this kind of experience. When talking about payments, a frictionless experience refers to the reduction of steps involved in the checkout process. For these reasons, it provides a great opportunity for Telcos to increase their revenues and for Merchants to achieve higher conversion rates. DCB enables a fast, easy and secure online payment flow and spares users from sharing their personal data or bank details online. It allows users to pay for digital services as part of their monthly bill, offering them an enriched purchasing experience. We can say that we are in front of a mobile driven society where users demand immediacy and convenience when making their payments.įor this new mobile economy, Direct Carrier Billing is a payment method with huge potential. 451 Research estimates that online purchases conducted on mobile devices accounted for 51% (USD 2.4 billion) of the total in 2020, a share which will grow to 53% (USD 2.8 trillion) this year and 64% (USD 5.2 trillion) by 2025. Moreover, online purchases are increasingly being performed on a mobile device. This situation, has turned DCB from a solution in underbanked areas into a truly global opportunity.Īccording to data revealed by a Futurist Group study, around 38% of consumers perceive contactless as a basic feature of payment. Covid-19 has also amplified the shift to Carrier Billing across many markets worldwide as consumers seek to avoid exchanging cash and touching payment terminals.
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Global Consolidation of Alternative Payment Methods (APMs)Īs we previewed last year, the pandemic has accelerated the use of mobile payments and the overall consolidation of a cashless society.
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What are the main trends around this opportunity-filled payment method? Discover all the trends that will help you to prepare for the future evolution of Mobile Payment.ĭownload full infographic! 1. Numbers speak for themselves – The global Direct Carrier Billing market was valued at $ 29.8 billion in 2019 and is projected to reach $ 70 billion by 2025. In addition, thanks to rapid and massive changes in the economy, social conditions, regulatory landscape and in everything related to technology, the Carrier Billing ecosystem continues to experience an absolute revolution. Online shopping has exploded, and mobile has become our preferred payment option. The pandemic provided a powerful incentive to create a globalized payment network which quickly and directly affected the world of finance including alternative payment methods. To learn more about how and for what purposes Amazon uses personal information (such as Amazon Store order history), please visit our Privacy Notice.The year 2021 has had a significant impact on digital consumption patterns.
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