Hampshire, UK – 18th November 2024: A new study from Juniper Research, the foremost experts in the telecommunications market, has found that operator revenue generated from carrier billing transactions will rise from $9.3bn globally in 2024 to almost $15bn in 2029 - a growth of 59% over the period.
This steady growth will be driven by an increased consumer awareness of this payment method, alongside the introduction of standardised APIs (Application Programming Interfaces). APIs will enable network operators to increase the speed of carrier billing roll-outs, reduce reliance on third-party aggregators, and increase end-user availability.
Carrier billing is a mobile payment method allowing users to make purchases by charging payments to their mobile phone bill.
Find out more about the new report, Global Carrier Billing Market 2024-2029, or download a free sample.
Mobile Payment APIs Become Key
The report urges MNOs (Mobile Network Operators) to deploy standardised APIs, including the Carrier Billing Checkout API, to reduce time-to-market; improving scalability and ensuring compliance with stringent payment regulations. This standardisation will strengthen the MNO’s position and influence within the digital payments ecosystem.
Standardised APIs will reduce MNO reliance on third-party aggregators, boosting their revenue share from carrier billing transactions. However, limited API availability in key markets such as Africa and the Middle East makes ongoing collaboration among MNOs, aggregators, content providers, and regulators essential for sustaining carrier billing growth.
Research author Elisha Sudlow-Poole remarked “Over the past decade, MNO services such as voice, messaging, and data have become increasingly commoditised, leading to significant revenue loss. Carrier billing allows MNOs to diversify their revenue streams by acting as a distributor and payment facilitator for third-party services. Standardisation enables MNOs to accelerate carrier billing availability, making it a more viable alternative to competing digital payment methods.”
About the Research
The research suite offers a comprehensive assessment of the carrier billing market to date, including insightful market analysis and in-depth forecasts for 60 countries. The dataset contains over 34,000 market statistics within a five-year period. It includes a market segment assessment and competitor benchmarking analysis examining current and future market opportunities.
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