4 good reasons to vote for M3
- Supports collaboration among Mobile Money stakeholders
M3 promotes a collaborative vision where all Mobile Money stakeholders are on par in terms of technological means. This allows them to fully assume their responsibilities to promote a safe, inclusive and compliant Mobile Money (MM) ecosystem. M3 is the very first tool ever to successfully support this common goal. Since 2013, it has allowed telecom and financial authorities to verify more than 26 billion transactions in the East African region.
- Secures the Mobile Money ecosystem
M3 automates and streamlines the fight against money laundering, which represents a growing issue in emerging countries. By doing so, it helps these countries maintain the integrity of their Mobile Money ecosystem. Additionally, using machine learning and business intelligence, it enables financial intelligence units to be at the top of their game. It also provides means to verify compliance with Know-Your-Customer standards. This improves the detection and neutralization of money laundering and other Mobile Money-related crimes and abuses.
- Digitizes the governance of the Mobile Money ecosystem
Before M3, the authorities monitored and reported on Mobile Money services using paper-based methods that are now outdated. M3’s greatest innovation consists of digitizing the supervision of something that was already digitized: Mobile Money transactions.
- Fosters financial inclusion
Financial inclusion represents a challenge for the Fintech sector in Africa. Indeed, in Sub-Saharan Africa specifically, approximately 350 million adults do not have a bank account. By supporting collaboration, security, and digitization in the Mobile Money ecosystem, M3 promotes it as a sustainable driver of financial inclusion. Furthermore, the solution enables the interoperability of Mobile Money services, which further promotes financial inclusion.
East Africa Com is part of the Connecting Africa series with AfriCom, the continent’s largest tech event. Participants in both the event and the awards include the tech world elite from the African continent. Think leading, innovative tech companies such as GVG, telecommunications operators, hardware vendors, connectivity providers, startups, and philanthropists. GVG’s M3 made it to the shortlist of the Most Innovative Product or Service Award category. This category acknowledges game-changing products or services offering significant new opportunities for revenue growth and/or customer satisfaction.
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Still making up your mind and curious to find out more about M3? Click on the link below to watch our product video:
Are you interested in Mobile Money and other financial digital tools? Don’t miss the webinar The Race Towards a Cashless Africa.