So now I get it. Must say that the tech in Asia headline is quite misleading.
This article explains it better :: http://www.gmanetwork.com/news/story/435673/scitech/technology/smart-allows-purchases-from-apple-itunes-app-store-using-load
Th carrier is creating a virtual credit card via the user’s phone account. So apple sees a credit card still but user doesn’t have one.
Brilliant idea. More carriers should do this.
That being said – apple needs to step up their game. Biggest win for android is being able to modify the payment model.
My old post ::
This is the biggest news in tech if so!
https://www.techinasia.com/smart-communications-philippines-direct-billing-app-store-itunes/