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How Micropayments May Push the Future of the Nigerian Economy from DANGER's blog

One important aspect of micropayments is the truth that their meaning varies from person to person. Typically, micropayments are regarded as financial transactions concerning tiny sums of money. Internationally, micropayments refer to transactions of less than 12 USD. 



In accordance with techtarget.com, a micropayment is definitely an e-commerce deal concerning a tiny amount of profit exchange for anything built available on line, such as an application obtain, a site or Web-based content.Micropayments are too little to be probable for control through the standard credit card/debit card system 소액결제 현금화



Amir Herzberg of IBM recounts "Micropayments are for anything that is too inexpensive to pay by credit card".The significant concern facing the probable request of micropayments is the need to hold prices for control individual transactions minimal which can be unrealistic when transacting really small sums of money typical of the character of the micropayment system.



Several attempts have been produced to create such methods financially feasible to the services including the statement to telephone design that businesses like Zong and Boku have employed. The statement to phone ensures that customers are able to demand minimal price transactions to their cellular phone and are delivered a deal rule by SMS to perform the transaction. 


But, the sharing method that exists between the services of the micropayment program and the Mobile System Operators (MNOs) is essentially perhaps not in favour of the vendors, it's been the key reason behind the slow usage globally.



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By DANGER
Added May 8

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