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Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as:
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
It is a true alternative payment method that does not require the use of credit/debit cards or pre-registration at an online payment solution such as PayPal, thus bypassing banks and credit card companies altogether. This type of mobile payment method, which is prevalent in Asia, [citation needed] provides the following benefits:
e&, formerly branded as Etisalat, is a UAE state-owned telecommunications company. It is the 16th largest mobile network operator in the world by number of subscribers.. On 31 December 2021, Etisalat reported consolidated revenue of AED 53.3 billion and net profits of AED 11.1 billion. [2]
As of the first half of 2023, du has grown their mobile customer base to 8 million subscribers, and reached 559,000 broadband customers. [4] Its shares are listed on Dubai Financial Market and is regulated by the Securities & Commodities Authority and the Telecommunications And Digital Government Regulatory Authority (TDRA) of the UAE .
The number of mobile connections in Ethiopia increased by 8.2 million (+11.9 percent) between the start of 2023 and the start of 2024. [ 54 ] In September 2010 the penetration rate was estimated at 4.6% over a population estimate of 90.8 million.
Postpaid service mobile phone typically requires two essential components in order to make the 'post-usage' model viable: Credit history/Contractual commitment. This is the basis on which the service provider is able to trust the customer with paying their bill when it is due and to have legal recourse in case of non-payment; Service tenure.
A QR code payment is a mobile payment method where payment is performed by scanning a QR code from a mobile app. [1] This is an alternative to doing electronic funds transfer at point of sale using a payment terminal . [ 2 ]