The system will help increase revenue assurance, combat network fraud and enforce billing integrity across all communication networks available in the country.
It shall be provided by a leading regulatory technology developer and big data analytics organisation, Global Voice Group (GVG).
The implementation of the technology infrastructure from GVG by LCA is the first step towards the effective promotion of a compliant and inclusive digital and mobile ecosystem for Lesotho.
Revenue leakage in the telecommunications sector is an issue that many African countries are still battling and the adoption of technology is going to aid them in rectifying the problem.
“With these partnerships, GVG enables solid telecom metrics for tax collection purposes, fraud detection and market compliance with regulations to protect consumers and operators in Lesotho and Zimbabwe,” said GVG Chief Executive Officer (CEO) James Claude.
He said the RegTech solution provided by GVG enhances the oversight capabilities of the LCA and POTRAZ to the benefit of all stakeholders, including the state, the industry and all citizens.
By enabling the regulators to see, in real time, what is really going on in the telecom sector, it dramatically improves the governance of a sector that plays a major role in the socio-economic development of the two countries.
On the African continent, there has been a slow but gradual adoption of technological solutions by regulatory agencies and authorities to assist them in their oversight role.