More visibility and control is needed over the fast-growing market of mobile money (MM).
Sonoc helps its clients acquire the best system to monitor compliance with the regulations relating to MM and to ensure that all transactions are traceable and accounted for.
Mobile Money services present numerous advantages: financial inclusion, secure transactions, socio-economic development, additional revenue for the State and job creation. However, the absence of strict, adequate regulation poses a serious threat to both the economy and the security of the nation. These risks are not limited to fraud, and extend to identity theft, money laundering and the illicit financing of terrorist activities.
M3 is a cutting-edge solution for monitoring mobile money consisting of a data acquisition and processing system for the monitoring of all mobile money transactions in a given country. The system also allows the authorities to monitor the evolution of the mobile money market closely and compliance with the laws and regulations of the country.