Pre Paid is a method of payment for wireless services that allows a subscriber to pre pay for a set amount of airtime in advance of actual usage. Generally, a subscriber's prepaid account is debited at the time of usage so that actual usage cannot exceed the prepaid amount until an additional prepayment is made. Overall prepaid usage is slightly more expensive then Post Paid.

 

Balance Inquiry
Balance Inquiry allows end-users telephonic access to balance information. Balance Inquiry can be used to check bank balances but also enables users to, for example enquire as to the remaining credit balance in prepaid phone accounts and savings-point totals in loyalty programmes. The end-user calls up, enters his/her code (pin code, client number etc.) and can listen to the balance.

 

Balance Update
Balance Update enables banks to allow consumers to access balance information. The consumer calls the bank number and enters his account number and pin code. The application then enquires as to the balance within the bank system, after which the application 'speaks out' the balance.