ArpuPlus, an OT Ventures subsidiary that is fully owned by Orascom Telecom Media and Technology Holding S.A.E. ("OTMT"), announced that its billing platform T-PAYTM has reached agreements with nineteen mobile phone operators in twelve countries to provide more than 200 million subscribers, nearly half of the Arab World population, with its e-payment services.
Subscribers can pay for their online purchases and digital shopping through the bills of their mobile phones using the Direct Operators Billing.
Fadi Antaki, CEO, OT Ventures, said the mobile payment services and billing services are still in their initial stages across the region, but are forecasted to change the shopping behavior in the future.
T-Pay is the region’s first open mobile payment platform that is expected to revolutionize digital shopping. T-PAY Connects Consumers, Businesses and Mobile Operators for Operators Billing.
It allows any business to connect to the platform for direct operator billing to reach higher online payment conversion rates.