This will enable telecommunication provider to conduct paperless top up and perform financial settlement in real time. Customer can top-up their prepaid accounts themselves and avail a host of loyalty services offered by telecommunication provider on mobile phones.

Benefit to Customer

• Convenience of carrying out prepaid top up while on the move, everywhere and anytime
• Increase comfortable from secure, real time and paperless transaction
• Reduce theft, fraud and mismanagement
• Ability to maintain electronic records

Benefit to the Bank/ Telecommunication Provider

• Enable over the air transaction, quick settlements and high security features
• Ability to accurately create and maintain electronic records and also profile customer behavior and usage
• Higher level of security reducing fraud and false transaction
• Increase in customer loyalty
• Opportunity to provide other value addes services to their customers
• Increase customer base