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

Microinsurance

Products and Services

Affordable insurance for low-income individuals.

Mobile Banking

Technologies

Managing bank accounts via mobile phone.

Mobile Money

Technologies

Storing, sending, and receiving money via mobile phone.

Mobile Network Operator

Roles/Players

Company providing mobile communication and enabling mobile money.

National Switch

Infrastructure

Centralized system connecting financial institutions.

Near Field Communication

Technologies

Wireless tech for contactless payments.

Offline Access

Concepts

Using DFS without internet connection.

Off Us Payments

Processes

Payments where payer and payee have different providers.

On Us Payments

Processes

Payments where payer and payee use the same provider.

Open Loop

Concepts

System allowing money movement across platforms.

OTP (One-Time Password)

Technologies

A temporary code used to verify identity.

Over The Counter Services

Processes

Services by agents when one party has no eMoney account.

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.