{"id":2,"date":"2021-07-27T10:32:44","date_gmt":"2021-07-27T10:32:44","guid":{"rendered":"https:\/\/verypay.ch\/?page_id=2"},"modified":"2022-09-14T04:12:55","modified_gmt":"2022-09-14T04:12:55","slug":"private-payment-solutions-for-telcos","status":"publish","type":"page","link":"https:\/\/verypay.ch\/private-payment-solutions-for-telcos\/","title":{"rendered":"Private Payment Solutions for Telcos"},"content":{"rendered":"\n\t\t
<\/div><\/div>
<\/div><\/div>
\n\t
\n\t\t
<\/div><\/div>\n\t\t\t
\n\t\t\t\t
<\/div> <\/div>
\n\t
\n\t\t
<\/div><\/div>\n\t\t
\n\t\t\t
Private Payment Solutions for Telcos in emerging and developing markets<\/h2>
<\/div><\/div>
Telcos across the globe that operate in emerging markets and economies have been fighting to combat the effects of \u2018Over The Top\u2019 services such as Skype and WhatsApp, that have eroded core voice revenues. The response has been to focus on data services, diversify into apps, gaming, and entertainment, and to offer SaaS and unified comms solutions to bolster declining revenues with business customers.<\/p>\n
These Telcos have launched successful e-money platforms that enable consumers and businesses in emerging economies to trade using simple SMS and Smartphone-based peer-to-peer technologies. This has disintermediated banks in a way that has to an extent accelerated financial and digital inclusion.<\/p>\n
Specifically in these emerging markets, Telcos struggle to offset the heavy costs incurred by offering payment solutions in partnership with banks and the major schemes like Visa and MasterCard. Understandably these are often passed onto consumers, greatly affecting the adoption rates of mobile money solutions.<\/p>\n
VeryPay is a private payment scheme that Telcos can deploy to their existing network with white-labelled apps. Without the need for scheme operators or banks, costs are vastly reduced, making the service more palatable for end users and small business customer alike.<\/p>\n
With lower transaction fees, VeryPay drives usage of existing eMoney solutions and attracts new users to the payment scheme.<\/p>\n\t\t<\/div> \n\t<\/div>\n\t<\/div> \n<\/div><\/div>