In the realm of digital finance, aggregators play a vital role in seamlessly connecting entities such as corporations, governments, and consumers with various payment platforms.
2. In the realm of digital finance, aggregators play
a vital role in seamlessly connecting entities
such as corporations, governments, and
consumers with various payment platforms.
Acting as the underlying force behind
transactions, aggregator services operate
discreetly in the background without direct
customer engagement.
Introduction
4. Accelerated Transaction
Processing
By utilizing a biller aggregator, organizations can
experience faster transaction processing
between themselves and their customers.
Typically, funds are deposited into the business's
bank account within 24 to 48 hours.
5. Instant Payment
Acknowledgment Once the biller aggregator
handles the payment framework, businesses can
accept online payments from various methods,
eliminating the need for multiple bank
registrations.
Additionally, the aggregator assists businesses in
setting up payment systems with multiple banks
through a single registration.
6. Cost Efficiency
Small businesses can significantly benefit from
affordable service fees. Collaborating with a
bank usually requires substantial initial capital to
cover expenses.
A biller aggregator, on the other hand, offers a
convenient and cost-effective payment solution,
particularly advantageous for startups.
7. The Future of Aggregator Industry
Technical Capacity
As the mobile money ecosystem matured, MNOs
have improved their technological capabilities.
Today, they no longer require an aggregator to
manage multiple direct integrations.
MNOs have started opening their APIs (Application
Programming Interfaces), enabling third parties to
directly integrate their products with MNO
platforms, reducing the reliance on aggregators.
Revenue Margins
MNOs are now seeking to retain or regain
extensive third-party relationships that
generate substantial revenue. This
eliminates the need for payment splits
with aggregators due to increased
technical capacity.
Aggregators may find diversification to be a crucial strategy. While they played a vital
role in creating the ecosystem, aggregators now face intense competition from their
Mobile Network Operator (MNO) partners in various areas, including:
9. Some VAS service providers believe that offering
services like VAS receipts, reconciliations,
troubleshooting, and client relationship
management can give them a competitive edge
over MNOs.
Despite the improved API capabilities of
companies like Safaricom, most banks still
connect via an aggregator, mainly due to VAS
services.
Value-Added Services
(VAS)
10. Many industries, including entertainment and
education, are still exploring how to utilize digital
financial services to better serve their customers.
Aggregators can leverage a single integration to
connect multiple branches, leading to higher
transaction volumes. Therefore, they are
targeting chains of for-profit schools, gas
stations, and other sectors.
Market Diversification
11. Ownership of Key Value
Chain Components
Previously limited to back-end services,
aggregators are now expanding into front-end
services.
They establish direct connections with customers
through their own products, such as pre-paid
cards or channels, to build their brand and gain a
larger share of the value chain.
12. As a mobile operator, you are constantly
seeking new ways to enhance the user
experience and generate revenue.
One increasingly popular option is MVAS direct
aggregator billing, which offers a simplified and
improved customer satisfaction experience.
Conclusion
13. About Us
Arshiya Infosolutions is a digital expertise hub that provides
comprehensive support to users and mobile operators. With our team of
technical specialists, we offer a range of benefits, making us an
attractive option for businesses looking to streamline operations and
enhance customer satisfaction.
www.arshiyainfosolutions.com
hello@arshiyainfosolutions.com
