Author: Akis Chatzimeletiou
Date: 08/12/2020
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SMS is one of the best communications tools on the planet. It’s simultaneously a convenient way for subscribers to keep in touch with family and friends, and a versatile business tool that drives both productivity and customer outreach with open rates that would turn email marketing platforms green with envy.
But this wasn’t always the case. As we noted in a previous blog post, SMS was initially a tool used by mobile operators to inform subscribers about network issues. It was emphatically not intended to be the two-way communications juggernaut we know and love today. Nevertheless, SMS has come a long way since 1992, when a 22-year-old software programmer by the name of Neil Papworth sent the first ever text message with the words “Merry Christmas” to his colleague Richard Jarvis. Indeed, these days…
With this in mind, we’d like to introduce you to the Bank of Telecom (BoT) SMS offering, powered by Internet Mobile Communications (IMC).
Talk to our experts to learn more about Bank of Telecom!
What is SMS?
SMS (Short Message Service) is a text messaging service that enables mobile device users to exchange 160-character messages over cellular networks. It comes standard with most data plans and is synonymous with “Texting.”
KEEP READING: What’s the Difference Between A2P and P2P Messaging?
What is the Bank of Telecom (BoT) SMS offering?
At BoT, we enable the buying and selling of SMS (and voice!) interconnects, which are used to facilitate text messaging over cellular networks. With the BoT Platform as a Service (PaaS) solution, our customers have access to:
Indeed, BoT enables carriers, aggregators, and other traders to post their own SMS interconnects and set payment terms and scale prices however they like. They can also automate SMS and voice trading, make fast and informed commercial decisions, and boost their overall margins.
What is the BoT global rate checker?
Simple. The BoT global rate checker helps sellers make commercially driven decisions about how they price and sell their SMS and voice routes by giving them insight into how similar routes are priced globally. We collate all CLI and NCLI rates from our partners onto a single platform, making it possible for us to cross-reference global rates in a matter of seconds and ensure competitive pricing.
What is a same-day settlement?
A same-day settlement, as the name implies, is a transaction on which the settlement date occurs on the same day as the trade date. Relevant to BoT customers, this means we pay out the amount due on the same day that the invoice is submitted or in accordance with the payment terms.
For instance, let’s say you’ve sold SMS interconnects to another service provider and have agreed to a standard Net 7, giving the service provider 7 days to pay the amount due. Typically, you’d have to wait an additional three-to-five days following an initiated payment for the bank transfer to clear, rendering a Net 7 more like a Net 10 or a Net 12.
Not so with BoT! With same-day settlements, we pay the amount owed on the very first day it is due. This is particularly beneficial to smaller carriers since it means they don’t need cash on hand to trade.
Bank of Telecom’s other Value-Added Services (VAS)
BoT also offers the following value-added services:
To learn more about our SMS trading platform, set up a call with one of our experts!
Hurst House,
131-133 New London Rd,
Chelmsford, CM2 0QT,
United Kingdom
Contact: Kristina Ayrapetyan
Email: kristina@im-comms.com
Oficina 323, 324
15 Avenida 16-14, Zona 13,
Guatemala City, 01013
Guatemala
Contact: Paola Orellana Vargas
Email: Pao@im-comms.com
Jordan Tower #12
Al Thqafa Street,
Al shmeisani,
Amman, Jordan.
Contact: Sally Al-NaBulsi
Email: Sally@im-comms.com
Alcantara 44
Piso 7, Las Condes,
Santiago, Chile 7550159
Contact: Kareen Goldfarb
Email: kareen@im-comms.com
Santha Arcade, Anjali Road,
Sankers Hospital Junction,
Kollam, Kerala, India, 691001
Contact: Nithin P. Jose
Email: nithin@im-comms.com
45 Mesrop Mashtots Avenue,
Yerevan,
Republic of Armenia
Contact: Tamara Badalyan
Email: toma@im-comms.com
Hurst House,
131-133 New London Rd,
Chelmsford CM2 0QT,
United Kingdom
Contact: Chun Yan Shao (Ellen)
Email: ellen@im-comms.com
Bank of Telecom® is the global telecommunications automated marketplace, where 1,700+ voice carriers and 400+ sms providers share their latest and greatest Sales Rates each week, making Bank of Telecom® the ultimate place to trade voice and sms efficiently, fast and hassle free.