Ghana’s Subah has unveiled its new Mobile Money Monitoring Suite (M3) targeted at providing governments and their telecom regulators with the full visibility they need to monitor all mobile money transactions initiated or completed in their country.
The firm says M3 protects consumers against fraud and identity theft – and tackles tax evasion, money laundering and revenue leakage.
According to Mr. Birendra Sasmal, CEO of Subah, “The ability to receive and send money from our mobiles is a truly life-changing development. However, its success poses multiple regulatory, taxation, and compliance issues for regulators, tax administrators and banks across the world. M3 gives them the tools to tackle all of these issues.”
The Subah M3 Suite captures, analyses and records all Mobile Money transactions including information about the sender, receiver and operator. It has automatic reporting of high-value and repeat transfers to individuals and businesses and it has a summary of MM service charges applied by all operators.
The application also has extensive web-based reporting features to enable sophisticated tracking and measurement of all MM transactions and a stand-alone system installed at the NOC of Mobile Network Operators and is compatible with all existing MM platforms and fully customisable for different Mobile Banking regulatory frameworks.
Established in 2009, Subah exists to help customers in both the public and private sectors solve the complex problems associated with the rapid growth in Africa’s population and economy.
Subah provides a wide range of IT solutions and manufacturing capabilities to organisations of all sizes across both the public and private sectors. Its customers include telecom operators, the Governments of Ghana, Sierra Leone and Guinea, banks and other corporations.
Headquartered in Accra, Ghana, The Subah Group has offices in Guinea, Sierra Leone, NYC and Dubai.
