How to Launch an MVNO – A Great Business Opportunity

Launching a MVNO (Mobile Virtual Network Operator) is a very complex task involving the investment of many millions of dollars. It is seen by many as superb business opportunity, perhaps the route to making a multi-million dollar fortune. However many people fail along the way; some lose hundreds of millions of dollars of investors’ funds.

The starting point to a successful MVNO is a strong consumer proposition. The proposition must be differentiated and have strong appeal to a selected target group of consumers. Often extensive market research is performed to verify the appeal of the proposition.

Next one needs to understand the end to end economics, how much will the consumers be willing to pay, what is the traffic mix, how much will distribution cost and what will the subscriber acquisition cost be. Finally is there a viable business case?

Once these questions have been answered you are ready to approach mobile operators in order to obtain the most valuable asset for an MVNO, a wholesale airtime agreement. If successful you then start the process of building your MVNO platform, sometimes an MVNE (Mobile Virtual Network Enabler) may be used to give a time to market advantage. Vcare are often quoted as saying that one should not start deploying systems until one is certain of a MVNO agreement.

Launching the MVNO comes as a reward for many months of hard work, however the launch process is often not easy, One can reduce the risk of launching a MVNO by using skilled MVNO consultants.

Source : https://ocssystem.blogspot.com/2020/01/how-to-launch-mvno-great-business.html

Importance of Online Charging System for Telecom Business

Everyone in the telecom business has heard about OCS. However, due to lack of knowledge and probably due to expenses, some operators shy away from integrating it into their business operations. If you are amongst those who still haven’t made up their mind, then have a look at some of its benefits that may change your outlook.

Major telecom operators have found a solution to these problems in the form of a magic wand that goes by the name of Online Charging System (OCS). This amazing yet under-utilized software can handle subscribers’ account balance and perform a number of operations without breaking a sweat. In the current competitive telecom market, it would be foolish to overlook the importance of this magical solution and delay its deployment.

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Usurp the Competition with True Real-Time Online Charging System

Telecom industry is always evolving and there is a need to address emerging requirements. An Online Charging System (OCS) is a worthy upgrade to erstwhile charging system for prepaid services like IN. To thrive in the modern-day competitive telecom industry, it is essential to employ a true real-time Online Charging System that charges all services used by subscribers, enforces credit limits and allows for convergent charging.

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Enhance Telecom Billing Performance with Real Time Charging Solutions

An intelligent establishment is laid for service union since the OCS grasps event based charging and session-based charging. This meets the charging criteria for both voice and information services, and for the bearing, subsystem and application layers. The charging system is developing from postpaid BOSS or paid ahead of time IN to focalized charging. The OCS rating motor involves the foundation of this procedure, while Re reference focuses encourage rating motor organization and satisfy new assistance advancement necessities.

The united charging framework assumes a key job in information association and coördination and structures the biggest client database. The OCS dismantles best practice concerning sorting out charging information everything being equal and services, which is fundamental given that the web based charging information depicts one of the most unpredictable information streams. A few charging modes and their blends are conceivable, including close to ongoing charging for postpaid or prepaid services, and charging for prepaid help.

Web based charging (in light of Ro and CAP interfaces) and disconnected charging (in view of the Rf interface) portray the collaboration among NEs and charging frameworks. Postpaid and paid ahead of time show the communication between account parity and client installment. Thus, client experience-based ideas for example paid ahead of time, postpaid, close to continuous and constant – can be flawlessly reflected to arrange based ideas, for example, on the web and disconnected charging.

Adaptable upkeep and arrangement through an electronic entrance and backing for different interfaces to outer frameworks, for example, CRM, Billing, and so on. The bill-based, postpaid BOSS and the free paid ahead of time IN charging framework are advancing into a united charging framework.

Telecom Billing System

Services have guaranteed that Money can be circulated as they were doing it for Electronic Airtime and Airtime vouchers and now in same manner, genuine cash is likewise accessible in roadside stands which exchange (Cash in and Cash out Agents), water and cigarettes. This requires genuine assistance greatness – the capacity to offer a consistent stream of new, creative Services bolstered by powerful and amazing totally secluded frameworks with a brief span to showcase.

Source : https://tinyurl.com/rwqs5fh

Starting your own MVNO Made Easier with Real-Time OCS

Smoothen the process of starting your own MVNO with real-time billing solutions. Our billing platform is founded upon an Online Charging System (OCS) that charges all transactions on real-time basis.

The first step involves an intimate understanding of a particular set of clients. Access to detailed client information will help you better tailor services to suit their needs. For example, this can be bundling third-party digital services, tailored pricing and offering specific communication services to create an unparalleled service experience.

Source : https://tinyurl.com/s34mcvz

Prevent Revenue Losses by Setting up a True Real Time Charging System

To say that the telecom sector is full of competition is quite an understatement. Apart from the prominent service providers, you also have a plethora of mobile virtual network operators (MVNOs) that offer their services at highly affordable rates.

If you run one such network, you would know how difficult it is to meet your bottom line in this environment. Unhappy customers can switch to a different provider at a moment’s notice. But happier clients are just as tricky when it comes to maintaining brand loyalty. You need to keep offering state of the art solutions that excite your customers and keep them from leaving your service for a competitor.

An essential service such as real time charging can prove quite handy in appealing to your clients. With its transparent billing, minimal errors, and faster service, a real-time charging system is precisely what you need to bring your services to the forefront in your customer’s minds.

What is Real Time Charging?

Real-time charging solutions help you actively charge your customers for the services they use. As the name suggests, these charges will incur in real-time, which in other words means that your customers are billed as they use any services, as opposed to being billed after they have used a service.

It might seem like a small difference at first, but real time charging can revolutionize your billing for the better. Among other advantages, it provides benefits such as a smarter network, accurate billing, and efficient services.

However, as a MVNO, it isn’t always easy to set up a real-time charging system that successfully delivers on all expectations. You need to be careful about what kind of real-time charging solutions are you enabling for your network. That’s why it is essential to keep the following points in mind while setting up real time charging systems.

Check If It Supports Convergent Billing

The first thing that should be on your mind is to set up a real-time charging system that holds the latest technologies within it. While any real time charging mechanism will allow you to deduct accurate charges, some variations are more effective than others.

For instance, a convergent real time billing system doesn’t only help you automate your charges. It also consolidates them for better management and accounting.

Through a convergent real time billing system, your customers don’t have to pay for different services or accounts on an individual basis. While they still get charged in real time, their charges come consolidated in a single bill.

This makes it easier for customers to pay for different subscriptions and even accounts. It also sets your service apart from operators who do not offer this feature.

Learn the End Charges for Yourself

Before you enter into a contract for real-time charging solutions, make sure that their actual charges do not cost you a fortune.

This is highly important if you are looking at long term growth for your network while also providing efficient billing services to customers.

Make sure that you are comparing different providers’ charges and services side by side before making a decision. Those who are confident in their services will also be able to answer any questions you have, so don’t shy away from having your team gather the answers that you require.

This method helps you find a real-time charging system that can serve as a long-term solution for business. It goes a long way by managing your costs while providing state of the art services to your customers.

Obtain Your Services From a Reliable Provider

Another elementary yet very crucial aspect is to obtain your real time charging services from a reliable provider.

You should look for a provider that has been operating in the industry for a while, has a track record of serving other networks and MVNOs, and holds a credible reputation for using the latest technologies.

This makes sure that you are not handing your network’s fate into the hands of a sub-par infrastructure. Rather, you are paying for services that make a difference for your network’s service. This approach also gives you the confidence that you are setting up your real-time charging solutions with the latest advancements.

At (v)WeCare, we offer state of the art, cloud-based online charging solutions that are built to scale any network’s services to the next level. With automated billing, access-based controls, and native CRM, we can provide you and your customers with the level of service that you are looking for today.

Whether you are ready to move to our real-time charging system right away or if you have any questions regarding the efficacy of our services, don’t hesitate to reach out to us today. We will be glad to answer your inquiries and provide you with solutions that fit your needs the best.

Source : http://www.techpublishnow.com/real-time-charging-system/

Getting MVNO Solutions That Work

Integration of AI in OSS offers tremendous benefits to an operator. The rightful integration can help telcos in:

  1. Customer retention
  2. Customer behavioral modeling
  3. Fraud detection
  4. Better customer experience management

The AI should be native to the OSS for providing a central tenet for complete digital transformation. It allows all the information generated by the system to be acted upon in a single step. There would be no silo formation and the decisions will be taken in the light of complete information.

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How an Online Charging System Can Help You Save Costs

As the pace of technology evolution increases, it is very much likely that telcos would have to launch newer services at a faster rate. And, emerging technologies like 5G and IoT are much more complex than the technologies launched in the past. Therefore, it is best to partner with a vendor that can offer telecom billing systems that can not only meet the requirements of the present but also the future. Also, the telecom billing solution should be completely scalable vertically to meet the rising demands of new subscribers.

 Security of data

An online billing system based in the cloud is always exposed to hackers’ threat. To ensure security of subscriber data that is stored on the cloud, it is essential to enforce sturdy encryption measures. Also, these encryption measures need to be updated from time-to-time, in order to stay ahead of hackers that are always on the prowl. A single hacking incident can undo the hard work done over many years, which is why; security is extremely crucial in any online telecom billing system.

Source : https://tinyurl.com/ue5qytd