European technology companies Evina and Telecoming have signed a global alliance to work hand in hand in promoting Direct carrier billing (DCB) as the safest and most appropriate payment method in the new mobile economy and, in particular, for the fight against fraud.
The agreement will address mobile fraud that cost the African continent over USD 4 billion last year. DCB is the most suitable payment technology for millions of unbanked Africans who appreciate its unparalleled reach and convenience. The agreement between Evina and Telecoming, both with operations in 15 African, Middle Eastern and European countries, is expected to make mobile-based transacting safer.
Direct carrier billing (DCB) is presumed the safest and most suitable payment technology for the new mobile economy. The two companies announced the launch of DCB Index to measure industry maturity in different regions.
Telecoming is the leading expert in DCB since 2008 and Evina is the reference in the fight against digital fraud. With this alliance, both organizations combine their expertise to develop the industry and boost mobile payment security.
Chief Operating Officer of Telecoming, Roberto Monge, states: “Direct carrier billing has been growing in the new digital economy. It is a technology with enormous potential that benefits all players in the mobile environment. With this alliance, we want to place DCB at the forefront of the payments industry and reinforce our commitment to the development of a transparent, secure and stable mobile economy”.
In the words of Evina’s CEO, David Lotfi: “The potential of DCB is widely underestimated by mobile operators and other market players. This is mainly due to the fact that DCB is currently adversely affected by fraud. By protecting the mobile payment ecosystem, we aim to sustain DCB’s growth and help all players flourish in this ecosystem.”
The alliance aims to educate on the vast potential of direct carrier billing through the DCBMaster service that allows users to measure their exposure to fraud, as well as their market and regulations knowledge.
The alliance will also enable the launch of the first global DCB indicator. This DCB Index will measure the maturity of the DCB market in different regions, based on the analysis of four indicators: Fraud protection, Innovation, Penetration in the Digital Industry and Growth Potential.
Evina offers the most advanced cybersecurity for mobile payment. Evina’s anti-fraud technology was created by a group of engineers and monetization specialists for MNOs, merchants and payment gateways to fend off fraud and conquer new markets. Evina’s anti-fraud solutions secure over +16 million transactions each day, decrease complaint rates, maximize the number of legitimate transactions, and increase revenues.
Telecoming is an international company deploying a complete suite of technologies for digital services monetization. In a scalable, flexible and secure platform, it integrates seamlessly revenue generation tools based on User Acquisition, User Engagement and Business Optimization.
