Page 346 - The Digital Financial Services (DFS) Ecosystem

Ecosystem
A term that refers to the companies providing software, services,
A reference to a system in which non-banks (e.g Mobile Network
The sustainable provision of affordable digital financial services
A reference to a system in which banks are the primary provid-
or bank deposits) in electronic form, rather than performing a
ers of digital financial services to end users. National law may
and products for digital financial services: often used in refer-
that bring the poor into the formal economy.
ence to newer technologies.
A note on using this glossary: terms are grouped by category, rather than alphabetically. Search within the document to find the term you are looking for .
require this.
"cash-out".
Alternative and Related T erms Definition Ideas or high level abstractions relevant to digital financial services for financial inclusion Digital financial services include methods to electronically store and transfer funds; to make and receive payments; to borrow , save, insure and invest; and to manage a person's or en
Mobile Financial Services Bank-Centric Model MNO-Led Model eCommerce

T erm

Digital Financial Services Financial Inclusion Non-Bank-Led Model

Concepts Ecosystem Digital Liquidity FinT ech Bank-Led Model Identity mCommerce

317