Hutch Lanka brings new fintech to Sri Lanka

01 December 2023

Hutch Lanka has announced a strategic partnership with Bancstac to enable new payment acceptance capabilities across all of Hutch’s digital payment channels in Sri Lanka.

Bancstac partners with banks and other financial institutions to enable businesses to integrate payment capabilities from its partner banks. Hutch will deploy Bancstac’s technology across all its digital sales channels. This will enable Hutch customers to settle payments with all major cards including Visa, Mastercard, UnionPay International, American Express, Discover Network, and Diners Club.

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IOH and Setara Networks partner on digital payments

30 November 2023

Indosat Ooredoo Hutchison (IOH) is collaborating with Setara Networks (Tara) to launch zero-fee instant transaction features to further accelerate the adoption of digital payments in Indonesia.

The two companies have created and integrated a seamless and secure payments network within IOH’s Bima+ lifestyle app with a count capped zero-fee model. Users need to create a one-time unique Pay-ID linked with their mobile number that can be used for all their transactions. Once they do that, they can make secure and faster digital transactions from anywhere with just one click without having to download additional applications or paying additional fees.

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Telcos to lose $3 billion in SMS revenues to OTT channels in 2023-2028

30 November 2023

Telecom operators globally are going to lose $3 billion of SMS revenue from enterprises in the coming years according to a new study by Juniper Research.

OTT business messaging traffic will increase to 375 billion messages in 2028 from 100 billion messages in 2023. The rise of OTT business messaging will be fuelled by enterprises that will be left dissatisfied with the diminishing quality of SMS networks. Thus, the report suggests that in the next five years, the telcos will lose out on about $3 billion in SMS business messaging revenue globally to OTT channels.

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Axis launches innovative mobile packages for social media users

10 November 2023

XL Axiata’s youth brand Axis has launched a set of package plans for social media users based on usage time, not data consumption.

The ‘Teng-Go’ package gives customers ‘play and pause’ features for four social media platforms: Instagram, TikTok, Facebook and YouTube. Users press ‘play’ to use the internet, and ‘pause’ to stop using it.

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