Facebook is keen to partner Bengaluru-based startup JunoTele to use the latter’s unique payment solution, Times of India reports. This unique payment system Facebook is reportedly interested in, essentially lets users pay for digital goods using their mobile talk time. Also Read - Google, Facebook make vaccination mandatory for employees returning to office
Founded in 2011, JunoTele’s payment offering bypasses credit cards or the need for a data connection, and instead uses the telecom operator’s signal to carry out transactions. So in essence when you buy something online, you can pay for it by using your mobile talk time. This is a kind of solution that will be welcomed in emerging markets like India where either most of the people do not have a data connection, or are not comfortable using their credit cards online. It is little wonder that Facebook has shown interest in partnering the startup. Also Read - Facebook gives voice to emojis with Soundmoji: Here's how to send
Rao said that executives from Facebook’s Singapore office have got in touch with him and discussed about aspects of his company’s product, including the core offering — direct billing from carriers. “They (Facebook) have shown interest in using our product,” he told the publication. Also Read - Netflix could launch its video game streaming service next year, at no extra cost
Rao further points out that the technology is not new and that mobile operators such as Airtel have used this form of billing to charge customers for selling ringtones. There are also a few other companies that have ventured into direct carrier billing space like Italy-based Onebip and Estonia-based Fortumo Payments, but JunoTele is the first to explore the click-less payment arena, by allowing users to authenticate transactions by voice or SMS.