PARTNERS

There are a number of possible financial models ; The important point is the entire system could be financed from the recovery of just a few days’ losses.

Partners

Tax Revenue Authority

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.

How could the the solution be financed?


PUBLIC-PRIVATE-PARTNERSHIP(PPP)

Inevitably there will be start-up costs to build the technology infrastructure and to re-position existing administrative infrastructure to handle the new systems


TAX AUTHORITY COSTS

Integration with legacy systems and redeployment of staff from administration to fraud protection; information and education of businesses to use the new system.

BUSINESS COSTS

There will be some overhead in re-training staff and accountancy costs in switching to the new system, but such costs are inevitable with any envisaged change to the way in which VAT is operated. Using the MobiVAT system, the reduction in administrative overheads and reporting requirements should more than compensate for short-term losses.

TECHNOLOGY FUNDING

The total is 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.

FUNDING MODEL

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

Why Partner With MobiVAT?

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. However, if it were to be the case that governments wished to own and operate the MobiVAT system, this is also an available option. The danger of such a course is that it would bring about considerable delays, not least due to getting approvals of initial expenditure in a time of belt-tightening the use of Application Programming Interfaces (APIs).

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. However, if it were to be the case that governments wished to own and operate the MobiVAT system, this is also an available option. The danger of such a course is that it would bring about considerable delays, not least due to getting approvals of initial expenditure in a time of belt-tightening the use of Application Programming Interfaces (APIs).

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. In addition to the dramatic erosion of their payments revenues, banks are also set to see their interest-based revenue streams impacted by a loss of ‘customer ownership’, resulting from the displacement of bank-customer interactions by FinTech or progressive traditional financial services companies. MobiVAT will also create new opportunities that could enable banks to recapture some of the projected lost payments revenue.

Give your clients reliable tools to be compliant with sales tax regulations and to mitigate sales tax audit risks. The Knowledge Partnership Programme (KPP) is an initiative to explore and showcase MobiVAT’s success in meeting implementation challenges in terms of policy and practice. The development and use of information and communication technologies (ICT), notably the Internet has stimulated huge changes in our organization of work and daily life. MobiVAT works closely with service delivery partners to ensure efficient and effective delivery of our solutions to our customers.