Look no further if your business needs a reliable online charging system to implement prepaid billing services. An innovative and dependable Online Charging System (OCS) has been created by Caretel. In the telecom billing community, OCS is also known as Real Time charging system or Prepaid Billing System. Prepaid mobile plans often permit SIM card usage for both telephony and mobile data. Prepaid services require the client to pay a sum equal to the given plan in advance of using the services. The service won’t work until a prepaid payment (or top-up) has been made. To establish and provide prepaid services, the OCS system is a must.

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Wireless technology has come a long way in recent years. We now have the ability to connect to the internet, make phone calls, and even stream video without being tethered to a physical connection.  That has made our lives more convenient in many ways, but it has also introduced some new challenges, which we will be discussing further on in this blog post.

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OCS  system is permitting an MVNA and a communications service provider to charge their customers, in real time, based on service usage. The OCS helps enhance the system by dividing business activities and decreasing technical and trader reliance and decreasing the favor for new services.

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Telecom billing has a very important role to play in driving the success of modern-day telecom operators. Due to Covid-19, businesses are experiencing stagnation. So, if you want to stay competitive and increase your customer base, it is the right time to improve your service model. With a convergent charging platform, it is easier to digitalize services and monetize assets. Especially if you can find a proven platform that is secure, flexible and completely scalable.

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Billing and charging are two of the most vital functions for MNOs, MVNOs and MVNE. While the bigger companies have vast resources to implement billing and charging system as per their specific requirements, the smaller companies struggle to keep up with them. Nowadays, the pressure is intense when it comes to the competition between different telecom companies. If you are not supporting your customers on time, and not providing them the required support, you are likely to lose ground.

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Telecom industry is growing at a rapid rate. The number of subscribers is increasing fast and so is the responsibility on the shoulders of telecom operators. Due to the variety in type and scope of services, every operator is scrambling for the best billing system in the market.

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Convergent charging is an essential requirement of modern-day MVNOs (Mobile Virtual Network Operators). It is the holy-grail of billing as it can empower your monetization and billing strategy. The inherent strength of a convergent charging platform lies in its real-time charging functionality, which ensures all the services delivered by an operator are charged accurately.

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Covid-19 pandemic outbreak has impacted the fate of many businesses in 2020. However, telecom industry has stood strong in these times, and has allowed people to stay in touch via technology. It does deserve special credit for mitigating the impact by allowing companies to operate via work-from-home model. Despite all the work, telecom industry is still experiencing a trend of reduced revenues, which can be attributed to the excess use of OTT platforms like Skype, Whatsapp, and more recently ‘Zoom’ calling. To counter these OTT platforms, there is an exigent need for convergent charging and more flexible monetization solutions.

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Convergent charging has become the basis of almost every telecom business. As billing remains crucial for a telecom business, the role of convergent charging and OCS system is rising in significance. Almost every business strategy that a telecom operator conceptualizes has to be readily supported by the billing system.

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With the advancement of technology, the telecom industry is going through quick transitions. The workflow and requirements keep on changing according to customer and business trends. Any laxity in tending to the ongoing trends can be detrimental to a business operation, and in some cases even lead to the complete breakdown of a telecom operation. Hence, it is essential to incorporate vital functionalities into one’s telecom billing software to avoid failure at all cost.

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