Micropayments
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Micropayments represent an electronic transaction consisting of the transfer of a moderate sum of money through the SMS tool.
The premium SMS service is used for the micropayment system. Examples of applications using micropayments:
- Website subscriptions (access codes)
- Product purchases (t-shirts, CDs, software, etc.)
- Newspaper/magazine subscriptions, etc.
- Obtaining credits for online games
- Payments for online advertising space or in any other media channels
Micropayments have the advantage of offering the consumer a convenient way to benefit from certain programs that are not free but represent low-value transactions, by using the mobile phone they have at hand, without having to go to a bank office or a product purchase point.
The micropayment system allows you to practically offer various products and services that require a payment consisting of a moderate sum, the equivalent of which is collected via SMS. Implementing this type of application requires programming knowledge and the existence of an SMS aggregator in compliance with local rules and regulations, and Syscom Digital is the ideal partner for this solution.