Gain precise reporting over Utilities transactions in your country
Why supervising utilities?
The need for electricity and water is a basic human necessity. Thus, these two utilities are essential items in household expenses. Globally the utility market will reach $5,354 billion in 2023. The potential for growth in this sector, notably in developing countries, is enormous because these services are a household priority.
Book a call with one of our experts.
Observations
In countries where recourse to bank services is restricted, virtually all payments will be in cash. Serious discrepancies occur between the amounts of utilities sold by operating companies and governments’ figures, with a consequent fall in revenues through taxation. A lack of supervision means that the payment level is not adequately scrutinized and does not provide appropriate government revenues.
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
Our reports ensure that governments have all the information they need and are available by period (daily, weekly, or monthly) and by each operator.
- Tax that should be collected
- Volume of Sales
- Volume of financial transactions
