Platform Features

The MoMo-LightWay Finance platform is designed with robust, modular capabilities to ensure secure, efficient, and user-friendly mobile money services. Below are the core features and functionalities:

1. User Management & Authentication

• User registration and onboarding process

• Secure login with multi-factor authentication (MFA/2FA)

• Account verification and password recovery workflows

• Session management to protect against unauthorized access

2. KYC & Compliance Verification

• Integration with third-party identity verification services (Sumsub)

• Know Your Customer (KYC) checks for identity validation

• Enforcement of Anti-Money Laundering (AML) compliance

• Maintenance of secure customer identity records

3. Fund Transfer & Transaction Management

• Domestic and international transfers to:

  • MoMo customers (MoMo direct transfers)

  • Accounts in other banks.

• Transaction lifecycle management: initiation, processing, completion, failure handling, and reconciliation.

• Support for multi-currency transactions

• Ability to save cards and beneficiaries for faster repeat transactions

4. Fee & Exchange Rate Engine

• Real-time Foreign Rates (FX) rates calculation

• Option to check the current exchange rate before transaction

5. Notifications & Communication Module

• Real-time and scheduled notifications for:

  • Transaction updates

  • Alerts and reminders

  • Promotional campaigns

• Delivery channels: email, SMS, and push notifications

6. Admin & Operations Dashboard

• Tools for customer account management

• Live transaction monitoring and anomaly detection

• Manual KYC review and fraud alert handling

• Operational and compliance reporting tools

7. Security & Auditing Framework

• Platform-wide encryption for sensitive data

• Role-based access control for internal and external users

• Comprehensive activity logging and auditing

• Secure API access management.

8. Reporting & Analytics Module

• Operational reporting on transaction volumes and service usage

• Financial reporting for settlements and reconciliation

• Business Intelligence dashboards for performance insights

• Regulatory reporting to meet compliance requirements