IVR Billing is a payment solution where customers or end users call a local phone number and be billed on a per-minute or drop-call basis.
On a Per-Minute call the customer simply holds the line for a predefined length of time until they are billed the full amount set by the service provider.
On a Drop call, the customer calls and is billed after a much shorter period of time (no need to hold on the call).
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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IVR Billing is a payment solution where customers or end users call a local phone number and be billed on a per-minute or drop-call basis.
On a Per-Minute call the customer simply holds the line for a predefined length of time until they are billed the full amount set by the service provider.
On a Drop call, the customer calls and is billed after a much shorter period of time (no need to hold on the call).
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