What is IUC charges? Why it is necessary to pay to other networks?
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I UC is a charge paid to the Telco on whose network call terminates and has been a bone of contention among the private players and the sector regulator. 2 years ago, sector regulator, I had brought it down from 14 paise per minute to 6 paise per minute and decided to scrap the charger from January 2020
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Interconnect Usage Charge or IUC is a cost paid by one mobile telecom operator to another, when its customers make outgoing mobile calls to the other operator's customers. These calls between two different networks are known as mobile off-net calls. IUC charges are fixed by Telecom Regulatory Authority of India
Processors are technological systems that work with banks and card networks to help merchants accept and process credit, debit, and prepaid payments. They verify transaction details, ensure funds are available, and perform certain anti-fraud measures.
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