Premium SMS

This can be used to provide premium rate services to subscribers of a telephone network. Mobile-terminated SMS is typically used to deliver digital content such as news alerts, financial information, logos, and ring tones.

Premium SMS is one of the most popular micro payment channels of the GSM era, with just an SMS users are able to buy ringtones, pay for Access to Web services, participate in a contest, vote in to competitions, participate in TV/Radio shows, auctions etc. Its simplicity makes it widely usable across all devices.