Page 362 - The Digital Financial Services (DFS) Ecosystem

Ecosystem
Services which enable one business to sell or buy to businesses
make payments to a large number of payees, typically consum-
or individuals in other countries; may include management of
Services which enable governments to collect taxes and fees
Keeping funds in secure electronic format. May be a bank
payments transactions, data handling, and financing.
Making and receiving payments to another person.
ers, but can be businesses as well.
from individuals and businesses.
account or an eMoney account.
Alternative and Related T erms Definition A service which enables a merchant or other payment acceptor to accept one or more types of electronic payments. The term "acquiring" is typically used in the card payments systems. Services which support merchant or business functions relating Electronic Invoicing, Enterpris
Situations in which DFS services are used.
Acquiring services Account, Wallet P2P; Remote Domestic Transfer of Value Remittance G2C, B2C , G2P , Social Transfers C2B – Consumer to Business

T erm Provided to Businesses and Governments Merchant Payments Acceptance Services Government Payments Acceptance Services Cross-border Trade Finance Services

(continued) Supply Chain Solutions Bulk Payments Services Use Cases Storing Funds Sending or Receiving Funds Domestic Remittance International Remittance Bulk Payments Paying for Purchases

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