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

eMoney Issuer

Roles/Players

A licensed institution authorized to create and manage eMoney.

Fees

Processes

Charges applied for financial services like transfers or withdrawals.

Financial Inclusion

Concepts

Provision of affordable financial services for underserved populations.

Financial Literacy

Concepts

Ability to understand and use financial services effectively.

FinTech

Concepts

Companies using technology to deliver or improve financial services.

Fraud

Concepts

Dishonest or illegal activity to steal money or personal information.

Identity

Concepts

Credential that identifies a user, such as national ID.

Insurance

Products and Services

A service that protects users against unexpected events.

Interoperability

Concepts

Ability of different financial systems to work together.

Know Your Customer (KYC)

Concepts

Process to verify user identity.

Loans

Processes

Money borrowed that must be paid back with interest.

Microfinance

Products and Services

Financial services for low-income individuals or small businesses.

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.