In modern times, m-commerce has become all the rage due to an increase in the number of subscribers who make orders using their mobile phones. This new trend is catching on fast, which provides a wonderful opportunity for telcos to exploit it. As almost half of the world is unbanked (nearly 50% of people in the world do not have access to banking services), a telecom operator would be foolish to let go of the opportunity of tapping into this market. A great way to access the m-commerce market is by employing top telecom billing systems that provide a mobile wallet facility.Continue reading
‘Wrong billing is frowned upon by customers across the globe’. This statement is never truer than in the context of telecom billing, which is becoming increasingly complex with the rise of new services and emerging competition from various sectors. As popular services like OTT (Over the Top) eat into the revenue of telcos both big and small, the margin for error has become very slim. A telecom operator simply cannot afford to be lax when it comes to employing telecom software solutions as it is on them lies the whole burden of the extremely critical billing operations.Continue reading
Billing has emerged as one of the key requirements of telecom operators in the recent past. Nowadays, no operator can breathe a sigh of relief till he has procured the services of a telecom billing specialist that knows the ins and outs of the present-day telecom industry. The main reason for this desperate desire to improve the billing process comes from the frequent launch of new and improved services that need to be accommodated in a billing system. As legacy billing systems are simply not good enough to incorporate such changes dynamically, it becomes essential to switch to modern and convergent telecom billing services.Continue reading
With a projected growth of 10.7% between 2016 and 2025, revenue management and telecom billing market in the US looks to be evolving. As competition between telcos increases across the globe, similar growth is expected in other regions as well.
The demarcation in telecom billing and revenue management is formed on the basis of various parameters such as billing solutions, telecom billing services, meditation software, fraud management software etc. The market is further divided on the basis of the type of deployments – cloud-based, in-house or a hybrid of both. With so many different parameters governing the changing dynamics, it is hard to ascertain the trends that will shape the future of telecom billing systems vendors. Continue reading