
Market Overview
The mobile money market should grow to $12 billion by 2024 at a Compound Annual Growth Rate
(CAGR) of 28.7%. The majority of customers in the developing world for digital financial services
providers remain untapped, and the potential is vast.
In emerging economies, few people have bank accounts. By contrast, 86% of the population
possess a mobile phone. With a smartphone, mobile payment is easy, allowing customers to
deposit, withdraw, and transfer money. Today transactions of $1.3 billion are processed daily in
mobile money in emerging markets.
Problems
Where few people use banks, cash is the natural option,
and mobile money is the preferred choice for transfers.
Consequently, governments cannot scrutinize the number
and value of transactions or the VAT due on sales.
Taxes usually are due on all these cash transfers, yet little
shows up in government revenues.
Our Solutions
Our technological solutions portfolio provides the necessary visibility
into revenues generated by the digital sectors to enable
Governments to collect the exact amount of taxes owed to them.
The TMS-MM solution ensures that governments can control all the
implications of mobile money expansion and collect outstanding
taxes and fees. TMS-MM provides transparency in a fast-growing
market to ensure market control and visibility, including foreign
exchange issues. Our solution also promotes the security of mobile
money transactions.

We provide each government with real-time
reports showing
Tax that should be collected
Volume of mobile money transactions
Operator's turnover from mobile transactions
Any other relevant information that governments may request.
Our reports ensure that governments have all the information they need and are
available by period (daily, weekly, or monthly) and by each operator.
Once implemented, our solutions have a proven
track record in generating ROI in the short term.

Market Overview
The developing world’s access to banking and other financial services is growing fast, and in the
coming years, many millions of new accounts will open. There is also a great demand for services
that transfer money across borders and provide currency exchange. International money transfer
(“remittances”) has been growing considerably at a CAGR of 10.4% since 2000, with $530 billion
transferred each year.
Problems
Although likely to increase in size, the financial services
market lacks close supervision, which has profound <br< implications for developing economies. It means that there
is no track of inter-bank transfers and those made by other
financial institutions, both inside an individual country and
for currency exchange. Consequently, governments miss
out on levies due on all these transactions.
A further threat is that of money laundering, which,
according to IMF reports, represents close to $1.5 trillion
per year, equivalent to Australia’s GDP. The danger of
corruption means that money can end up financing
terrorism smuggling and illegal weapons.
Our Solutions
Financial supervision means that governments can expect to become
more autonomous due to increased tax revenues.
FICS – (Financial Certification System) boosts a government’s control
over transactions involving national financial institutions. It allows
controls on individuals and transactions and it has an option to deter
fraudulent activity.
FICS allows for knowledge of individual customers while respecting their privacy rights.
The system provides full visibility on all financial activity in banks and all money-changing companies and ensures that the correct level of government revenues are collected.

We provide each government with real-time
reports showing
Tax to be collected
Volume of financial transactions
Our reports ensure that governments have all the information they need and are
available by period (daily, weekly, or monthly) and by each operator.
Once implemented, our solutions have a proven
track record in generating ROI in the short term.
Need more details? Contact us
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