Mobile recharge software is also known as E-top-up software, Multi Recharge Software, or Reload Software. The mobile recharge software is an easy and quick solution for prepaid, postpaid, DTH, etc. recharge. Mobile recharge software works on two technology, ie. PIN Base Recharge (PBR) and Electronic Voucher distribution (EVD). The Mobile recharge system works on a channel and offers good commissions to the retailers, distributors, and master distributors in each recharge. It is one of the most profitable businesses with significantly less investment.
What Are Different Types Of Mobile Recharge Software?
There are three types of B2B recharge software available:
B2B Software: This model aims to create a network of retailers and distributors to run your business. In this model, the customers directly approach the retailer (shopkeeper) to recharge their phone, and the retailer, distributor, and the master distributor get a commission on each recharge.
B2C Software: In this model, customers directly recharge their mobile, and only the customer and admin are involved in the transaction. Paytm, Googlpay, Phonepe, etc., are the most suitable examples of this model.
How Does B2b Mobile Software Work?
In B2B recharge software, the admin is connected to different operators across India with a single platform, and the connection is established via API. For example, In India, major telecom operators are Vodafone, Idea, JIo, and airtel. We will now connect the APIs of all the operators mentioned above in our recharge software. As an admin (Owner), you will now purchase recharge from every operator and distribute it to your network of distributors and shops. When distributors and retailers purchase top-up from you, you will offer them a balance, also known as a virtual money transfer, which the consumer can use to recharge.
So, a retailer or distributor is not required to purchase the remaining balance from each operator and lock his money in stock. They can recharge all operators using the one balance in your firm.
Why Start A B2b Mobile Recharge Business?
Telecommunication is one of the fastest-growing industries. Hence, mobile recharge is one of the most profitable businesses. Like cloth, shelter, and food, mobile has also become every individual’s necessity. According to the experts, by 2023, there will be around 30 million connecting mobiles, and almost every mobile will need the internet to work, and everyone needs a mobile recharge for that. Whether you have a shop in a village, mall, or market, every third person is your potential customer. In addition to many users in this industry, telecom companies offer a commission on every recharge. You can use those customers to cross-sell or upsell your other products. You can also generate revenue through advertising.
So, in such scenarios having B2B mobile recharge business can drive more customers, and you have good opportunities to earn huge profits.
How To Choose Best B2B Mobile Recharge Software?
If you want to start your own B2B Mobile recharge business, you need single B2B mobile recharge software that provides easy and simple maintenance of multiple services via a single recharge API. The B2B recharge software must have recharge API, long code, bulk SMS, and many more features. You can start your B2B mobile recharge business from any part of India.