Page 365 - The Digital Financial Services (DFS) Ecosystem
P. 365
ITU-T Focus Group Digital Financial Services
Ecosystem
Definition Making a payment for a good or service in person ("face to face"); includes kiosks and vending machines. Making a payment for a good or service remotely; transacting by Making a payment for a recurring service, either in person ("face Making a payment from a consumer to a government, for taxes, Making a p
phone, computer , etc. to face"), or remotely. fees, etc. Includes cross-border trade. borders or territories. accounts.
Alternative and Related T erms B2B – Business to Business, B2G – Business to Government Entities involved in the provision of DFS products and services. Financial Service Provider , Payment Service Provider , Digital
C2B, Proximity Payments C2B, eCommerce Payment, Mobile Payment C2B C2B, Utility Payments, School Payments C2G, B2G International Trade Financial Services Provider Savings Bank, Credit Union, Payments Bank
T erm
(continued) Merchant payment – POS Merchant payment – Remote Paying Bills Bill Payment T ax Payment Supplier Payment Saving and Investing Borrowing Insuring Lives or assets Trading Roles Provider Bank
326
