The Evolution of Convergent Charging in the Age of 5G

5G is upon us and if the experts are to be believed, things are going to change fast. High-speed 5G connections are expected to be a revelation and 5G network slicing with QoS brings in a whole lot of options for the users. But when it comes to monetization, 5G requires its very own convergent charging approach.

Staying Ahead of the 5G Game

Telcos are looking at 5G as a great opportunity to win back the lost customers. I can be done by supplying them high-quality service, but more importantly at the right price. 5G monetization is an extremely tough challenge. Top companies have their own in-house departments coming up with the best 5G convergent charging platforms. So, it is vital that smaller players and the MVNOs also look to procure the best platforms.

Below are some changes that are needed to be made in the current 5G service delivery and monetization for staying competitive and in sync with the future requirements:

• Offline and online billing addressed via cutting-edge convergent charging architecture
• Combination of charging gateway function and charging data function
• Charging of OTT services based on CPU and memory usage
• Monetization and billing of 5G slicing services that are based upon quality