Page 182 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition

Technology, Innovation and Competition
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DFS transactions subject to special taxes not applicable to MNOs/PSPs

DFS transactions subject to special taxes not applicable to banks

Type of behaviour MNO- MNO/PSP- Independent Independent MNOs affiliated affiliated PSPs banks PSPs2 banks1 X 21 X 20 X 19 X 18 X 17 X X X X 22 X X X 23 ITU-T Focus Group Digital Financial Services X X X X X 32 X X X X X X X X X X X X X X

Disproportionate general compliance requirements

Asymmetric compliance requirements
Higher security needs for cash handling

Higher capital requirements Higher KYC compliance requirements Higher physical security requirements Taxes Agents Need for agents to have insurance 31 Disproportionate agent approval requirements Disproportionate capital requirements Disproportionate KYC requirements Agent exclusivity

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