Telecom News Bulletin

SmsCoin a Visionary Mobile Payment System:
Little Insight on SMS Billing:

If we peek back into history, we will learn that humans have been inventing different ways to pay for good and services they acquire or deliver, we have read about the barter system, which is now a history as now there are non conventional ways of paying or charging for products. SMS Billing is one of such technological development, which operates on cell phones and gives the ability to consumers to pay over wireless handsets.  This is a seamless infrastructure, which requires its consumers to have a mobile set which has an ability to send and receive text messages and an account with their favourite SMS Billing service provider.

Pioneers in SMS Billing:

The shift in technology over the past decade has been astonishing and full of wonders. With the inventions of Computers and Telecommunication and its implications over our lives and everyday business, it has now become very important to adapt these changes in timely fashion and incorporate them into how we run our businesses. SmsCoin is one of such technological innovation, which has been brought into the market under the administration of Agregator Ltd Company and has helped shaped the future of payment system over the telecommunication channels. SmsCoin, in a nutshell is a mobile payment system, which provides its services to users and companies for the smooth and trouble free transfer of money between two parties.

This mobile payment venture, which is now 4 years old started in summer of 2006, is a brain child of two amazing entrepreneurs, who found the gaps in this particular niche and stepped up to fill it up with their courage and dedication, right now after the short period of 4 years, they have mature footings in the mobile payment industry and have about 30 smart individuals, who are all talented and experts in what they do, it might have never been possible without the support of those talented staff.

Alternative SMS Billing Providers:

SMSCoin is not the only provider in the block, there are several providers, who are trying to make an impact amongst consumers and claim their share of brand recognition and profits. The short comparison below is aimed to help users make an educated decision.

There are handful of SMS Billing providers, out of which Zong, Boku and SMS coin are worth mentioning.

• All of these three companies take a great deal about safety and security and have implemented several security checks to ensure the safer experience throughout.

• SMScoin has a wider coverage network as its potential customers are located in 82 countries, while Boku with its 1.6 billion potential customers covers 60 counters and Zong covers merely 38 countries. SMSCoin, with its wings spread over 82 countries allows you to have access to billions of potential customers or retailers.

• Boku and Zong are both bit conventional in letting new users join their system, for now only limited companies or known companies registered with GOVTs can join them, on other hand SMSCoin allows individual retailers, businessmen and users to register freely with their service, no paper work is involved.

• Most of these payment services are fast, reliable and safe, yet SMS coin has 7 core services which are elaborated in later part of this review.

• While Boku has API’s which are easy to implement into portals, SMS coin has wide variety of scripts specially designed for several Content Management systems, some of which are Joomla, Drupal etc

Mobile Payment System and Its Impact on Businesses and Clients:

A little introduction on Mobile Payment Services to our readers who are not familiar with this type method to transfer funds, this as suggested above is an innovative and non conventional way of paying your fees, funds or charges to companies or freelancers throughout the world using your mobile phones. You might have already started getting excited about this method of payment, and just to tickle your senses, you should know that, this service is hassle free and doesn’t involve lining up in your bank to deposit cash or cheques to your service provider’s account, moreover it eliminates the need of debit or credit cards to make the payments, all you need is your mobile handset, it’s just as simple as that. You can use this service for variety of products or services, such as.

• You like a game and you want to buy it without waiting another moment, or you just listened to a ringtone and want to download it to your mobile, it’s not just that, you can use it for almost any digital product.

• Amazingly, this method allows you to pay for your transport tickets, let us assume you are out of town for whatever reasons, you get a call from your boss to immediately report or go to a certain place to attend the meeting, you can get your tickets without wasting any time.

• Mobile payment system is not just limited to service based products, but it allows you to buy hard goods, such as books, gadgets and other items as well.

SmsCoin Over Other Similar Systems:

One of the most promising and unique feature Smscoin brings in is its flawless and hassle free registration system, infact you don’t even need to go through the boring process of registration for your sms billing service. In this current age, everything is fast paced and while the new technologies are cutting down on wired networks, innovative people are coming up with ideas to provide a hassle free and fun experience while you’re online. Going through a registration process and filling piles of forms is hectic and can ruin the browsing experience and not to mention the waste of time, Smscoin was quick enough to realise the need of such a system which doesn’t require all this. This system has a potential edge over conventional systems, for example, some of the payment system companies would want you to fax them documents, which is a very lengthy process with the possibility of this sensitive and confidential information being used by malicious people. Such companies, which urge you to send them such documents, might be doing a sneaky sort of business and sell out your data to data mining companies.

Why Businesses Should Adopt This Payment Network

If you deal in any sort of hardware, software or have a services based business and deal with buying selling in any form, then you should consider incorporating this system into your business, it’s a pretty hassle free and doesn’t require too much of a technical mind. Following are few of the many reasons on why businesses should adopt SmsCoin.

• Wide variety of Mobile Payment Solutions some of which are SMS Key is a worldwide and renowned PSMS service for websites, which allows the access to the content on your website, which you have set private for paid clients or users. Its an easy step by step process, in which users have to send a text message to an easy to remember number and then content is displayed to them, it is an interesting process and has a lot of features to it. Sms:donate, is another vital function, which allows users of your website to send funds to your account for various reasons, such as your web development, or some other noble cause. Sms:bank is another innovative gateway system, which allows users to send sms smoothly and reduces the interacting with the system, which means not too many resources are wasted.  Other important solutions include sms:content, sms:chat, sms:transit, sms:safe and soon to be available sms:notification.

• Service covers in excess of 80 countries worldwide and expanding, which means you get access to the best part of the world and can spread your business into 80+ territories. No matter what kind of webscript you have, Smscoin has 150 premade scripts, which can easily be implemented into WordPress, Joomla, Drupal and other custom content management solutions.
• At Smscoin, you get the opportunity to have a dedicated account manager, who will efficiently resolve your issues and make sure you enjoy a hinderless experience using this service. It is a powerful and innovative platforms, which shall let you have the ability to maximize your profits by its cutting edge technology.

Final Thoughts:

While some might be hell bent on using the conventional ways of paying for the products or services they purchase, it’s important to understand that technology is in a transition phase and trends will shift. It’s a fact that most of the transactions are done through conventional channels, such as wire transfers, hard cash and other bank related transfers, which are no doubt take long to mature but have sound footings and have earned huge trust in users. On contrary services like SmsCoin have yet to gain the maturity, i personally see a huge shift in coming years towards this type of payment system. As far as Smscoin is concerned, it could be vulnerable to exploits or frauds, but so far they have been prompt in taking necessary steps in blocking fraudulent transactions and banning such users. If anyone of use this service, please do let us know of what you think of it.