A European based Fintech company, Sentinal have developed the Sentinal National Payment Gateway which when adopted by a government can drive digital VAT/GST collection at source in real-time from a country’s e-commerce industry. Sentinal is a technology system which provides governments with the ability to funnel all online transactions between end customers and e-commerce domestic and offshore merchants through one single payments portal. Sentinal provides an immediate ability to apply effective taxation-at-source and the specialist capabilities of the Sentinal team ensure e-commerce merchants do not actively ‘work around’ the system.
Sentinal empowers government to fully monitor all e-commerce transaction activity, control and enforce offshore and domestic e-commerce merchants.
Sentinal propose to install for governments the Sentinal National Payment Gateway system which will:
The Sentinal system is robust and well-proven, It can be setup and operational within a few months at no cost to the government and once operational is capable of payments to governments for VAT/GST every single day. The system produces actionable intelligence on all eCommerce merchants integrated with it.