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ITU-T Focus Group Digital Financial Services
Ecosystem
Definition An entity that is not a chartered bank, but which is providing financial services to end users. The requirements of non-banks to do this, and the limitations of what they can do, are specified A provider (bank or non-bank) who deposits eMoney into an account they establish for an end user . eMoney can be
by national law. digital payment from another provider . involved in digital financial services. ments schemes, and payments systems. ments for such goods or services. and data communication. international remittances. to that scheme's rules.
Alternative and Related T erms Payments Institution, Alternative Lender
Issuer , Provider Acquirer EMV , ISO, ITU, ANSI, GSMA Payments Acceptor Receiver Sender
T erm
(continued) Non-Bank eMoney Issuer Merchant Service Provider Regulator Standards Body Merchant Mobile Network Operator Money Transfer Operator Participant Payee Payer
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