Introducing Hayo's Technology for Governments: Streamlining Mobile Import Regulation and Boosting Revenue
In the ever-evolving digital landscape, the fight against counterfeit goods, particularly in the mobile device sector, has become a critical concern for governments worldwide. To address this issue, Hayo has launched a sophisticated digital solution: the National Mobile Registry (NMR) platform.
With over three decades of experience, Hayo is well-positioned to consult and share recommendations with government officials and regulators. The NMR platform, designed to help governments in emerging markets regulate imports of mobile devices, is a centralised monitoring system that sits between governments and mobile operators, enabling accurate oversight of mobile devices within a country.
Key features of the NMR platform include device identification and tracking, a legal importation framework, and comprehensive device registration. The platform leverages a device map powered by the GSMA to verify that registered devices conform to international standards and to track them throughout their lifecycle in the market. It also incorporates built-in legal frameworks that streamline regulatory processes for imported devices, ensuring compliance with local import laws and eliminating ambiguities for importers and officials.
The NMR platform is compliant with ITU-T standards and aligns with International Telecommunication Union recommendations to address counterfeit, stolen, illegal, and non-compliant mobile devices. By analysing import declarations and cross-referencing device prices, the platform can detect fraudulent transactions and tax evasion attempts, helping governments capture new revenue streams. It also actively prevents counterfeit devices from accessing mobile networks, thereby protecting consumer safety and ensuring fair market competition.
The benefits of the NMR platform are manifold. It enhances regulatory visibility and control over mobile imports, prevents the entry and use of counterfeit and illegal devices, detects fraud and promotes tax compliance, ensures consumers receive authentic, safe mobile devices, and creates a fairer digital ecosystem for legitimate businesses.
Feraz Ahmed, CEO at Hayo, stated that the NMR platform improves visibility across a country's mobile ecosystem, capturing new revenue, and creating a safer and fairer digital landscape. The platform's capabilities extend beyond combating illegal imports, offering oversight and regulation of the national mobile ecosystem.
Collaboration between governments in emerging markets, mobile operators, and platforms like the NMR can be beneficial in combating fraud and counterfeit devices. The OECD reports that counterfeit goods accounted for an estimated $467 billion in global trade in 2021. The NMR platform's implementation can boost tax collection and revenue, which can be reinvested locally. The platform provides real-time visibility into what is entering a country, helping to shut down grey market channels and protect the entire value chain.
In conclusion, the NMR platform is a powerful tool for governments seeking to combat counterfeit goods specifically in mobile devices, improve digital tax collection, and safeguard the integrity of their mobile markets. Its automated and configurable design allows it to adapt to meet regulatory requirements, making it an invaluable asset for government officials and regulators aiming to identify challenges and opportunities, enabling them to meet their digital goals.
- The NMR platform, designed by Hayo, is a digital solution that aims to help governments in the mobile device sector regulate imports, leveraging technology such as AI and ITU-T standards to prevent the entry of counterfeit devices, combat fraud, and promote tax compliance.
- With its centralized monitoring system, the NMR platform sits between governments and mobile operators, offering features like device identification, tracking, and registration, as well as built-in legal frameworks that streamline regulatory processes and align with international standards.
- By analyzing import declarations and cross-referencing device prices, the NMR platform can detect fraudulent transactions and tax evasion attempts, helping governments capture new revenue streams and create a fairer digital ecosystem for legitimate businesses.
- The implementation of the NMR platform can benefit collaboration between governments, mobile operators, and platforms in emerging markets, potentially boosting tax collection, reinvesting locally, and ensuring consumer safety by safeguarding the integrity of mobile markets.
