DFS Glossary

Your comprehensive guide to Digital Financial Services terms and concepts in Ethiopia's evolving financial ecosystem

All DFS Terms (71 terms)

Browse through our comprehensive collection of Digital Financial Services terms and definitions

Bill Payment

Processes

A financial transaction where a user pays for services like electricity, water, or school fees digitally.

Bill Splitting

Use Cases

When two or more people share the cost of a payment using DFS.

Borrowing

Processes

When a user receives money from a provider with an agreement to repay later, often with interest.

Bulk Payments

Use Cases

Sending money to multiple recipients at once, used by companies or organizations.

Buy Now, Pay Later (BNPL)

Products and Services

A payment option that lets customers buy now and pay later in installments.

Cash-In

Use Cases

Receiving eMoney in exchange for physical cash.

Cash-Out

Use Cases

Receiving physical cash in exchange for eMoney deduction.

Closed Loop

Concepts

A system where money can only move within the same provider's platform.

Commissions

Processes

Earnings paid to agents for facilitating transactions.

Community-Based Finance

Concepts

Traditional systems where people save, lend, or support each other based on trust.

Credit

Concepts

Money provided that must be repaid later with interest.

Credit Card

Products and Services

A card that lets you borrow money from a bank to pay and repay later.

Understanding Digital Financial Services in Ethiopia

Ethiopia's digital financial services landscape is rapidly evolving, bringing financial inclusion to millions of previously unbanked individuals. This glossary serves as your comprehensive guide to understanding the key terms, concepts, and innovations shaping the country's financial future.

From traditional banking concepts to cutting-edge fintech innovations, our glossary covers the essential terminology needed to navigate Ethiopia's digital finance ecosystem. Whether you're a financial professional, policymaker, researcher, or simply interested in understanding digital finance, this resource provides clear, accurate definitions of DFS-related terms.

The terms are organized by category to help you quickly find relevant information, and our search functionality allows you to locate specific terms or concepts. Each definition includes practical examples of usage to help you understand how these terms apply in real-world scenarios within Ethiopia's digital financial services landscape.