Telecoming and Evina partner to enhance security in DCB payments

By Pavithra R

Telecoming, an international company deploying a complete suite of technologies for digital services monetization has announced entering into a global alliance with Evina, provider of advanced cybersecurity solutions for mobile payments and advertising, to enhance security in Direct carrier billing (DCB) payments.

The companies will join hand in hand in promoting DCB as the safest and appropriate payment method in the new mobile economy and, in particular, for the fight against fraud. The agreement aims to overcome the mobile fraud in the African continent which last year cost over USD 4 bn. DCB is suitable payment technology for millions of unbanked Africans who appreciate its unparalleled reach and convenience. The agreement between Evina and Telecoming; both with operations in 15 African, Middle Eastern and European countries; makes mobile-based transacting safer.

“Direct carrier billing has been growing in the new digital economy. It is a technology with enormous potential that benefits all players in the mobile environment. With this alliance, we want to place DCB at the forefront of the payments industry and reinforce our commitment to the development of a transparent, secure and stable mobile economy,” said Roberto Monge, COO of Telecoming.

Telecoming is a leading expert in DCB since 2008 and Evina is the reference in the fight against digital fraud. With this collaboration, both organizations combine their expertise to develop the industry and boost mobile payment security. The alliance will also educate on the potential of DCB through the DCBMaster service that allows users to measure their exposure to fraud, as well as their market and regulations knowledge.

“The potential of DCB is widely underestimated by mobile operators and other market players. This is mainly due to the fact that DCB is currently adversely affected by fraud. By protecting the mobile payment ecosystem, we aim to sustain DCB’s growth and help all players flourish in this ecosystem,” said David Lotfi, Evina’s CEO.

The partnership will also enable the launch of the first global DCB indicator, which measures the maturity of the DCB market in different regions, based on the analysis of four indicators: Fraud protection, Innovation, Penetration in the Digital Industry and Growth Potential.