Glossary

A model where banks and fintechs extend services through networks of human agents with POS terminals instead of branches.

Financial accounts held and operated through a mobile phone number, independent of a traditional bank account.

Asset financing where customers pay for a product (phone, solar kit, motorbike) in small instalments, with remote lockout on default.

A payment service provider licence: central-bank authorisation to process payments on behalf of others.

Using dollar-pegged crypto tokens to move value across borders faster and cheaper than correspondent banking.