Public and Private partners are a key component of MobiVAT’s success. MobiVAT partners range from software publishers and developers to resellers, financial services providers, CPA experts and technology partners.
Inevitably there will be start-up costs to build the technology infrastructure and to re-position existing administrative infrastructure to handle the new systems
Public and Private
partners are a key
component of
MobiVAT’s success.
MobiVAT partners range
from software publishers
and developers to
resellers, financial
services providers, CPA
experts and technology
partners.
One good way is through
the partnership of the
public and private
sectors – working
together for mutual
growth and benefit.
These collaborations
enable goals, resources,
expertise and risk to be
shared and improve the
efficiency of developing
locally-adapted
innovation.
Banks and PSPs enable
merchants to accept
multiple payment
methods such as debit
cards, credit cards,
mobile money, mobile
wallets, and more.
The PSPs support these
different payment
methods with a single
simple integration.
In addition, merchants
are not required to set
up each individual
payment method.
MobiVAT works closely
with service delivery
partners to ensure
efficient and effective
delivery of our solutions
to our customers.
Integration with legacy
systems.
Redeployment of staff from
administration to fraud
protection.
Education of businesses to use
the new system.
Anticipated to be at most the
equivalent to the amounts
lost from few days of
continuing fraud.
The plan is to bring in a for-
profit group of companies that
will build out the whole
program and receive a small
percentage of what is
recovered due to the
implementation of the
MobiVAT system.
Some overhead in re-training
staff and accountancy costs in
switching to the new system,
The reduction in
administrative overheads and
reporting requirements
resulting from using the
MobiVAT system, should more
than compensate for short-
term losses.
There are a number of
possible financial models.
The important point is that
the entire system could be
financed from the recovery of
just a few days’ losses.
Savings to be recouped will
rapidly compensate for these
initial costs.
As VAT is a consumption tax the revenue generated will be constant.
Compared to other indirect tax VAT is easy to manage.
Due to catch-up effect of VAT, it minimizes avoidance.
As the VAT is collected in small installments so the consumers has minimum burden.
VAT is a neutral tax so it can be imposed on all types of business.
Huge amount of revenue is generated on a low tax rate through VAT.