Page 183 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition
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ITU-T Focus Group Digital Financial Services
Technology, Innovation and Competition
MNOs X 21 X 30 X X X X
Independent PSPs X 20 X X 29 X X X X
MNO- affiliated PSPs2 X 19 X 28 X X X X
MNO/PSP- affiliated banks1 X 18 X X X X 25 X X X X
Independent banks X 17 X X 22 X 23 X 24 X 26 X 27 X 32 X X
Type of behaviour DFS transactions subject to special taxes not applicable to MNOs/PSPs DFS transactions subject to special taxes not applicable to banks
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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