Page 349 - The Digital Financial Services (DFS) Ecosystem
P. 349
ITU-T Focus Group Digital Financial Services
Ecosystem
Definition Unbanked people do not have a transaction account. Under- banked people may have a transaction account but do not actively use it. Underserved is a broad term referring to people who are the targets of financial inclusion initiatives. It is also sometimes used to refer to a person who has a transaction ac
port functions. ing or non-banking entity. computers. ers and small merchants.
Alternative and Related T erms Related to transaction accounts which hold end-users funds eFloat, Float, Mobile Money , Electronic Money , Prepaid Cards POS ("Point of Sale"), Customer Access Point, A TM, Branch
Underbanked, Underserved Registered agent Access point Agent Liquidity
T erm
(continued) Unbanked Financial Literacy Agent Till Agent Outlet Accounts eMoney Access Point Liquidity
318
