Birmingham tech firm maps out global growth for Direct Carrier Billing
PM Connect today (27 May 2020) publishes a landmark report into the Direct Carrier Billing (DCB) industry.
The tech business, which has been based in Birmingham since it was founded in 2012, is able to reveal that the sector will be worth $28bn globally by 2023, an increase of 59 percent from today.
With research carried out by Mobilesquared, independent analysis of the mobile payment method maps out user and revenue growth on both a global and market scale – with the technology projected to reach $310m in revenue in the UK by 2023, an increase of 26 per cent from 2020 and $2.5bn in Western Europe – an increase of 17 per cent.
The findings show that by 2023 39 per cent of global smartphone users will regularly access lifestyle and sports content, tickets, videos, news articles and more through DCB payments – equating to 1.5bn people. The most significant consumer sector growth will be in mobile ticketing (mTicketing) and health and fitness, alongside in-demand sport content.
- PM Connect’s research finds Direct Carrier Billing (DCB) to reach US $28bn by 2023
- Birmingham business today publishes independent research into the payment tech
- DCB revenue to reach $310m in the UK by 2023, increasing by 26 per cent
- The firm now processes six million monthly payments from its West Midlands base
Chris Purdie, Group Commercial Director at PM Connect, commented:
“The past five years have seen mobile content become king, with mobile internet usage now accounting for 52 per cent of web-page views around the world.
“While the current climate has presented undoubted challenges across industries, it has underlined the power of the smartphone for communication and payment. Mobile internet use has surged by 50 per cent in some markets, as consumers look to their phones as the best way to stay connected to their favourite brands – coupled with an increase in organisations communicating to their audiences via SMS.
“Slotting neatly into this mobile ecosystem, DCB is a more universal way to pay – bypassing the need for long sign-up processes or inputting bank account details, alongside transparent direct communication. We hope this research demonstrates what an exciting time it is for our industry, proving it is a payment method on the cusp of hitting the mainstream.”
Looking at further territories, Mobilesquared’s findings show that in emerging markets such as Africa and the Middle East, more users will become DCB converts. In Africa, DCB users are set to reach 130 million by 2023 – a 60 per cent increase from 2020, while in the Middle East revenue is set to rise by 30 per cent to $885m.
The report is hosted on PM Connect’s new website, designed by digital agency Lightbox and copy written by PR firm Story Comms, both Birmingham-based. The state-of-the-art new site marks a key step in a growth drive that has seen PM Connect’s headcount increase by 48 per cent of the past year – including key hire of new Chief Technology Officer (CTO) Andrew Robins – alongside doubling its office space from 2700 sq ft to 6,700 sq ft.
“PM Connect has been proud to continue to grow here in Birmingham – finding the tech talent in the Midlands to support our expansion and partnering with businesses from the city. We now process six million payments every month and are active in 40 territories – with our headcount reaching 52 employees last year.”
“As we see mobile phone usage and the role of data packages becoming increasing influential around the world, with the right long-term vision the potential of DCB is exponential. We are committed to contributing to DCB’s global success story from our West Midlands base.”
Find out more in the full report, downloadable from PM Connect’s new website: https://pmconnect.co.uk/whitepaper/the-future-of-dcb/
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