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Telecom regulation is already a value-added governance process in most countries. It has been implemented in all segments and sub-segments of the sector, from the most basic capabilities like voice calls or texting to the latest applications like mobile payments. In any case, it has been a key first step in the establishment of a framework that attracts new players to the market by building trust in the ecosystem.Â
Overview
Telecom Regulation solutions enable telecom and financial authorities to obtain reliable and accurate data directly from the relevant sectors, thus providing them with the means to successfully address critical challenges such as:
Our approach
As a key national resource, the telecoms sector needs to be harnessed and protected, especially in developing and emerging countries, where oversight capability is often limited.
Our approach includes:
Our result
Different cases yield different positive results. From no system in place to verify and ensure adequacy between prepaid revenues and associated levies and taxes collected where after an implementation a 33% increase in prepaid revenues after year 1 with average annual growth of 20%.
Where insufficient control over international incoming traffic leads to rampant fraud and revenue leakages we have seen an magnificent 122% increase in revenue.
Where there is lack of reliable data and metrics on Mobile Money, we have seen 100% of MM transactions being accounted for and traceable by the Government.
Industries
Government tax revenues are threatened on a transaction level with the use of ESS (electronic sales suppression) tools which are extremely difficult to detect, much less prevent, without the assistance of Regulated Technology.Â
Revenue Assurance solutions must be applied across the board. It is quite misleading that cash-only industries such as retail, hospitality, home renovations, car repairs and similar are the only threat. We have seen evidence of big chain businesses, hotels, the gaming industry, services, wholesalers, e-commerce, telecom operators, and others using different methods to evade tax.
Yes, the Revenue Assurance solution, if chosen correctly, can be implemented to efficiently monitor telecom operators and airline carriers as well as vending machines and flea market sellers.
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