Which countries collaborated with telecommunications networks to offer instant payment solutions using phone numbers?

India, Sweden, and Malaysia serve as notable examples of countries that have successfully collaborated with telecommunications networks to implement instant payment solutions using phone numbers.

In India, the Unified Payments Interface (UPI) has revolutionized the digital payment landscape by allowing users to send and receive money using their mobile phone numbers linked to bank accounts. This system leverages telecommunications infrastructure to facilitate seamless transactions, promoting financial inclusion across the country.

Similarly, Sweden has embraced mobile payments through services like Swish, a collaboration involving major banks and telecommunications companies. This allows users to perform instant transfers by simply inputting a phone number, making transactions quick and efficient.

Malaysia has also developed systems like DuitNow that utilize phone numbers for easy peer-to-peer payment transfers. By partnering with telecommunications providers, these payment solutions ensure reliability and accessibility for a broad audience.

These countries exemplify how integrating telecommunications with payment systems can lead to faster, more efficient payment methods, enhancing the user experience and broadening access to financial services.