Page 369 - The Digital Financial Services (DFS) Ecosystem
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ITU-T Focus Group Digital Financial Services
Ecosystem
Definition The customer of a digital financial services provider: the cus- tomer may be a consumer , a merchant, a government, or A term used by many providers in describing how many of their account holders are frequent users of their service. The other side of a payment or credit transaction. A payee is the The ent
another form of enterprise. counterparty to a payer , and vice-versa. to do. agent till agents to the provider . performed. user .
Alternative and Related T erms Mobile Money Operator , Payment Service Provider Supporting processes which are necessary parts of the DFS Ecosystem
Consumer , Customer , Merchant, Biller
Payee, Payer , Borrower , Lender Gateway Merchant Aggregator Agent Till, Agent Outlet Master Agent Verification, Validation Directories, Aliasing
T erm
(continued) End User Active User Counterparty Payment System Operator Processor Aggregator Agent Super Agent Processes Authentication Addressing
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