There is a term that you’re going to start hearing a lot more often. The term is “mobile aggregator”. The reason that you’re going to start hearing it more in the near future is because of the growing popularity of mobile banking. A mobile aggregator is a necessary part of the cell phone banking transaction.

What is a mobile aggregator? A mobile aggregator is:

• A mobile telecommunications company that operates independently from mobile phone operators.
• An intermediary between a mobile phone operator and another company which needs to use SMS shortcode.
• A business that handles the financial transaction related to the payments for exchanging such messages between the two parties.

Put simply, a mobile aggregator is a middle-man business that helps makes SMS billing and payments occur.

You may not be familiar with a lot of these businesses today although they do already exist. However, with the mobile web growing and mobile banking on the rise, it is likely that this is a term that you will become quite familiar with in the next few years. Now you know what it’s all about. You’ll be in the loop when mobile aggregators start popping up in conversations all around you.

Technorati Tags: mobile aggregator, sms billing