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ITU-T Focus Group Digital Financial Services
Ecosystem
that bring the poor into the formal economy.
Definition 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 enterprise's A state in which a consumer is willing to leave funds (eMoney or bank deposits) in electronic form, rather than p
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 .
finances. "cash-out". require this.
Alternative and Related T erms Ideas or high level abstractions relevant to digital financial services for financial inclusion National Identity , Financial Identity , Digital Identity
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
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