Dimoco, a leading provider for direct MNO connections in Europe, this week announced that , said it welcomes Deutsche Telekom, Vodafone and Telefonica Germany as payment agents.
This enables the mobile operators to process payments for goods and services under the Dimoco payment licence. Dimoco Carrier Billing is a regulated payment institute for Direct Carrier Billing and holds a payment service licence from the Austrian Financial Market Authority (FMA), with a passport for all EU member states.
The DIMOCO agent model enables MNOs to operate under the company’s financial license, enabling them to process payments for goods and services outside this exemption. DIMOCO currently obtains 210 MNO connections in 48 countries, covering 90 percent of Europe. Since 2016, DIMOCO operates under its payment license, granted by the Austrian Financial Market Authority (FMA) and passported into all EU member states.
Clemens Leitner, Executive Vice President, Carrier & Business Development at DIMOCO Carrier Billing
Obtaining an own license has been a route that most of the MNOs haven’t pursued as it's a very complex and costly procedure. Being notified as a DIMOCO agent is not only much faster and easier, MNOs can also benefit from our expertise and experience as a licensed payment institute.
