Master the Complexity of Mobile Money Reconciliation
From high-volume, low-value transactions to complex agent commissions and float management, Reconwizz provides the ultimate solution for Telcos and Financial Institutions to automate and control their entire mobile money ecosystem.
Why Spreadsheets Can't Keep Up
Extreme Transaction Velocity
Mobile money platforms process millions of micro-transactions daily. Manually reconciling this sheer volume of data from telecom switches and banking systems is physically impossible and guarantees errors and delays.
Complex Commission Structures
Calculating and verifying commissions for a multi-layered network of agents, super-agents, and partners is a major challenge. Errors lead to disputes, agent dissatisfaction, and financial losses.
Disparate & Complex Data Sources
Reconciliation requires matching data from diverse systems: telecom switch CDRs, the mobile money platform, agent management portals, and core banking systems. Each has a different format, adding layers of complexity.
Critical Float Management Risk
Ensuring the electronic money (e-float) issued matches the actual cash held in trust accounts is a regulatory non-negotiable. Manual processes introduce delays, making it difficult to get a real-time view of this critical balance.
Total Control Over Your Digital Financial Services
Connect All Your Systems
Reconwizz acts as a central hub, automatically ingesting data from all your critical sources. We connect to your mobile money platform, telecom switch, core banking system, and third-party partners, creating a single, standardized data set for reconciliation.
Reconcile at Scale
Our powerful engine is built for the speed and scale of mobile money. It performs many-to-many matching across multiple data sources, reconciling everything from subscriber transactions and agent cash-in/cash-out to fees and taxes, all in near real-time.
Automate Payouts with Confidence
Automate the entire commission calculation and settlement process. Reconwizz applies your unique business rules to calculate complex, multi-tiered commissions, generating accurate settlement files for automated payout to your entire agent network.
Real-Time Float Visibility
Gain a precise, up-to-the-minute view of your e-money float against your trust accounts. Our dashboards provide critical insights into agent balances, system-wide liquidity, and overall financial health, ensuring both regulatory compliance and operational efficiency.
The Key Components of Digital Finance
Mobile money has revolutionized financial access, creating a dynamic ecosystem of providers, partners, and users. Effective reconciliation is the backbone that ensures trust and stability in this fast-paced environment.
The Core Players
The ecosystem involves Telcos providing the infrastructure, Banks holding the trust funds, a vast network of Agents for cash-in/cash-out services, and millions of Subscribers making daily transactions.
The Transaction Flow
Every transaction, from a simple P2P transfer to a bill payment, creates multiple records across different systems. Reconciliation ensures that the telecom record, the platform log, and the bank settlement all match perfectly.
Regulatory Importance
Central banks and financial authorities mandate strict controls over mobile money. Accurate reconciliation of the e-money float, agent balances, and transaction histories is essential for maintaining your license to operate.
Your Questions Answered
Our platform is built on a high-performance architecture specifically designed for processing millions of transactions daily. It can ingest data from telecom switches (CDRs) and mobile money platforms in near real-time, performing automated matching at a scale that manual processes or traditional software cannot handle.
Yes. We understand that commission structures can be very complex, involving multiple tiers of agents, super-agents, and partners. Reconwizz has a powerful and flexible rules engine that allows you to configure your specific commission logic to automate the entire calculation and settlement verification process, ensuring accuracy and timeliness.
Reconwizz provides a critical regulatory control by performing a daily, automated reconciliation of the total e-money (float) in circulation against the actual cash held in your trust bank accounts. Our dashboards give you a real-time view of this balance, ensuring you are always compliant and can provide immediate reports for auditors.