Products and Services |  |
| Title | Abstract | Icon |
|---|---|---|
| Aid and charitable donations | Aid and charitable donations (Aid) category covers money transfers to individuals for the purpose of providing aid. |  |
| Airtime Transfer | Airtime Transfer (AT) is the category under which we analyse services relating to airtime topup and transfer. |  |
| Alerts and Notifications | Alerts and Notifications (Alerts) is the category under which we analyse services involving the provision of notifications regarding account activity. |  |
| Anonymity in Payments | Anonymity (Anon) is used by us to track the functionality supported by new services that allow payment without revealing details of buyer or seller. |  |
| Asset Leasing | Asset Leasing |  |
| Asset Management | Asset Management | |
| ATM/ACM services | ATM/ACM services (ATM) is the category we use to refer to functionality offered by initiatives that allows consumers to withdraw or deposit cash at self-service centres. |  |
| Title | Abstract | Icon |
|---|---|---|
| Bank-Account based money transfer services | Bank-Account based money transfer services (BAB) are offered by money transfer operator in partnership with banks. |  |
| Bill Payment | The Bill Payment (BP) service is the category that covers functionality for consumers to pay a bill directly to a biller, that may be a communications, utility or other provider. |  |
| Branchless Banking | Branchless Banking (BB) services is the category we use to describe services where banks/Fis leverage non-banks and technology to provide account opening, cash services and alternate financial services. |  |
| Business to Business Payments | Business to Business Payments (B2B) is the category we use to describe payments and money transfer services offered to businesses. |  |
| Business to Person Payments | Business to Person Payments (B2P) is the category we use to describe functionality money transfers for the purposes of payroll, wages and other company payments to individuals. |  |
| Title | Abstract | Icon |
|---|---|---|
| Card services | Card services (Card) refer to payment card services that support digital money initiatives. |  |
| Cardless ATM services | The Cardless ATM services (CardlessATM) describes innovations in ATM Cash Withdrawal such as cardless instant cash. | |
| Cash to Mobile Wallet | The Cash to Mobile Wallet (C2M) category refers to the various services provided for loading Cash onto Digital Money wallets. |  |
| Cash-In and Cash-Out services | The Cash-In and Cash-Out services (CICO) category is used by us to describe methods such as agent networks, ATM and Kiosks that facilitate cash transfer into or out of digital wallets, and provide customer interface services. |  |
| Cash-on-delivery/ Home Delivery | Cash-on-delivery/ Home Delivery (HOMEDL) category is used by use in order to analyse services where money transfer occurs at a consumer home. |  |
| Corporate Banking | Corporate Banking | |
| Credit Scoring services | Credit Scoring services (CreditScore) is the category we use to analyse functionality relating to non-traditional credit scores that are built around the new digital money services. |  |
| Cyber Security | This category refers to technologies, processes and practices designed to protect systems, networks, computers, programs and data from attack, damage or unauthorized access. | |
| Cyber Security - Cyber Threat Intelligence (CTI) | This category refers to cyber security areas broadly corresponding to Threat Intelligence. | |
| Cyber Security - Detect | This category refers to cyber security areas broadly corresponding to the Detect Function in the NIST Cybersecurity Framework. | |
| Cyber Security - Framework & Standards | This category refers to cyber security areas broadly corresponding to Framework & Standards. | |
| Cyber Security - Governance | This category refers to cyber security areas broadly corresponding to Governance. | |
| Cyber Security - Identify | This category refers to cyber security areas broadly corresponding to the Identify Function in the NIST Cybersecurity Framework. | |
| Cyber Security - Protect | This category refers to cyber security areas broadly corresponding to the Protect Function in the NIST Cybersecurity Framework. | |
| Cyber Security - Recover | This category refers to cyber security areas broadly corresponding to the Recover Function in the NIST Cybersecurity Framework. | |
| Cyber Security - Respond | This category refers to cyber security areas broadly corresponding to the Respond Function in the NIST Cybersecurity Framework. | |
| Cyber Security - Risk Assessment | This category refers to cyber security areas broadly corresponding to Risk Assessment. | |
| Cyber Security - Security Engineering | This category refers to cyber security areas broadly corresponding to Security Engineering. | |
| Cyber Security - Security information, event management (SIEM) | This category refers to cyber security areas broadly corresponding to Security information, event management (SIEM). | |
| Cyber Security - Security Operation | This category refers to cyber security areas broadly corresponding to Security Operation. | |
| Title | Abstract | Icon |
|---|---|---|
| Digital Banking | Digital Banking (DB) is the head we use to describe a range of alternative channels offered by banks to supplement branch services. | |
| Digital Content | Digital Content (DC) is the category under which we classify consumer payements related to purchase of digital content and services. This includes purchase of games, music downloads and other typically small value payments from consumers to companies. |  |
| Digital Money | The Digital Money domain has been described by Shift Thought™ as a way to understand the ecosystem, products, services and infrastructure involved in the digitisation and transfer of value. |  |
| Digital Networks | The Digital Networks domain has been described by Shift Thought™ as a way to understand the networks through which cash is digitised or materialised within the context of digitisation of value. | |
| Digital Payment | The Digital Payments domain has been described by Shift Thought™ as a way to understand the different ways in which monetary value may be transferred between persons, businesses, government and other entities. |  |
| Digital Services | The Digital Services domain has been described by Shift Thought™ as a way to understand the different kinds of products and services that consumers and businesses are offered within the context of Digital Money. | |
| Digital Technology | The Digital Technology domain has been described by Shift Thought™ as a way to understand the technologies that form the basis of the products and services within the Digital Money domain. |  |
| Digital Wallets | The Digital Wallet domain has been described by Shift Thought™ as a means of understanding the whole range of stored value products including the provision of e-money, mobile wallets and e-wallets. |  |
| Direct To Bank | A sender provides a receivers bank account and routing number to a money transfer agent. Funds are generally available in receiver's bank account within 3-5 bank business days. |  |
| Dish TV Recharge | The Dish TV Recharge (DTV) category discusses services involving payment for or recharge of Dish TV. |  |
| Domestic Airtime Transfer | Domestic Airtime Transfer (DAT) includes topup of prepaid phones, whether for own use or that of friends and family. |  |
| Domestic Money Transfer | The Domestic Money Transfer (DMT) category relates to person-to-person (P2P) money transfer within a country. |  |
| Title | Abstract | Icon |
|---|---|---|
| E-Wallet | The E-Wallet domain has been described by Shift Thought™ as a means of understanding the storage of monetary value across a range of technologies that include server and card-based services. | |
| Earnings | The earnings, pension and wages (EARN) category discusses services involving reciept of money related to personal compensation. |  |
| Title | Abstract | Icon |
|---|---|---|
| Government to Consumer | The Government to Consumer (G2P) category includes transfers such as benefits or tax refunds from Government to individuals. |  |
| Title | Abstract | Icon |
|---|---|---|
| High Value Payment | High Value Payments (HVP) typically have different requirements, as opposed to micro-payments. New payment services and innovations address different ranges of value transfer. |  |
| Hub | The hub service (Hub) category is defined by Shift Thought™ to cover infrastructure and interfaces used to facilitate cash transfer into or out of digital wallets, exchange conversion, regulatory checks and the movement of money. |  |
| Title | Abstract | Icon |
|---|---|---|
| Instant Payment | The Instant Payment (IP) category is used by us to analyse payment transactions with the fastest payout. These are real-time transfers that generally make the money available within minutes. |  |
| Insurance services | Insurance services is a category under which we analyse insurance services of all kinds, offered within the context of digital money initiatives. |  |
| International Airtime Transfer | International Airtime Transfer (IAT) is the category we use to analyse services relating to international topup or transfer of prepaid mobile airtime. |  |
| International Money Transfer | This category refers to the provision of international money transfer services. |  |
| Investment Banking | Investment Banking | |
| Invoice Discounting | Invoice Discounting | |
| Title | Abstract | Icon |
|---|---|---|
| Local Payment Service | This category discusses local payment services. Includes low value payment for example using contactless cards. |  |
| Low Value Payment | Regular payments for low-value services are now being managed through technologies such as contactless payments, mobile NFC payments and other methods. |  |
| Title | Abstract | Icon |
|---|---|---|
| Merchant payment acceptance | This category refers to services that offer consumers and merchants the ability to accept payments. |  |
| Microfinance | MFI refers to those microfinance services offered by a provider and may include loans to consumers or small businesses. |  |
| Mobile banking | Mobile Banking refers to the category of services that offer consumers or businesses the ability to utilise a mobile device to conduct a range of banking services. |  |
| Mobile Health | Mobile health refers to those services offered within the context of digital money initiatives. | |
| Mobile money | The Mobile Money service category described by Shift Thought™ refers to financial services that provide a stored value account where the customer relationship is not with a bank. |  |
| Mobile Money Transfer | The Mobile Money Transfer (MMT) category has been described by Shift Thought™ to include personal money transfer transactions initiated using a mobile device. |  |
| Mobile Payment | Mobile payment refers to the use of a mobile device as a channel to initiate payments. This includes both local and remote payments, as well as the use of the mobile device to accept payment (mPOS). |  |
| Mobile POS | Mobile Point of Sale (mPOS) refers to the use of the mobile device for accepting payments. |  |
| Mobile Receive | This category refers to the provision of mobile money transfer services. |  |
| Mobile Send | This category refers to the provision of money transfer services where the transaction for sending money can be initiated using the mobile device. | |
| Mobile wallet | Mobile Wallet service category refers to the use of an account and stored value or e-money associated with a mobile subscriber. |  |
| Money Transfer | This category refers to Money Transfer Services. This includes domestic, regional and international money transfer across all channels. | |
| Title | Abstract | Icon |
|---|---|---|
| Near Field Communication | This category describes payment services involving Near Field Communications (NFC) |  |
| Next Day Service | Next Day is a service offered by money transfer operators where money sent before 12:00 am in the local time zone is available by 7:00 am the next day, in the receiver time zone. | |
| Title | Abstract | Icon |
|---|---|---|
| Offers | This category discusses services involving provision of discounts and loyalty. |  |
| Online banking | The Online Banking category includes those services that offer the ability to use the web to conduct a range of banking transactions. | |
| Online dating, social and entertainment services | The Online Dating category includes those services that allow for online payment for dating, social and entertainment services. |  |
| Online gambling | The Online Gambling category includes those services that allow for online value transfer related to lottery, betting and gambling. |  |
| Online Payment | This category describes payment services that allow for purchases or personal payments over the internet. |  |
| Other Products | This category describes other services related to Digital Money. |
| Title | Abstract | Icon |
|---|---|---|
| P2P Lending/ Crowdfunding | P2P Lending refers to lending activities that leverage a community of investors and lenders. We include Crowdfunding under this head. | |
| Pay by mobile | Pay by mobile bill or prepaid credit for a range of goods and services |  |
| Payment Service Provision | This category describes the provision of intermediary functions relating to payment services. |  |
| Payment Systems | This category refers to payment systems and platforms. | |
| Person to Government | The Person to Government (P2G) category includes transfers from consumers to Government, such as tax payment. |  |
| Person to Business | The Person to Business (P2B) category includes transfers from individuals to businesses. | |
| Point of Sale service | Point of Sale ServiceThe Point of Sale(POS) service includes payment services that allow for payment for goods and services in-person, at locations including stores, post offices and self-service points. |  |
| Premium Rate Services | Premium rate services (PRS) are offered by a number of Level 1 and Level 2 providers, working with mobile network operators. | |
| Prepaid Card | The Prepaid Card category discusses services that involve prepaid cards. Depending on the regulatory environment, these may be issued by non-banks, or may be co-branded. |  |
| Title | Abstract | Icon |
|---|---|---|
| Quick Cash | Cash Payout to Consumers. Allows companies to make payments to their consumers or employees. The transaction is initiated by the sending company and receipt of the transaction is performed in the same way as a regular "will call" money transfer recei | |
| Title | Abstract | Icon |
|---|---|---|
| Remote deposit capture | Remote Deposit refers to the ability to deposit a check into a bank account from a remote location, such as an office or home, without having to physically deliver the check to the bank. This is typically accomplished by scanning a digital image of a |  |
| Remote Mobile Payment | Remote mobile payments refers to services that allow consumers to make payments remotely using a mobile device. | |
| Revolving Lines of Credit | Revolving Lines of Credit | |
| Title | Abstract | Icon |
|---|---|---|
| Saving | Saving services refers to the ability for new digital money innovative services to offer consumers a way to securely save their money. |  |
| SME Domestic Services | This category refers to Domestic Business Solutions for the Small & Medium Enterprise (SME) segment. |  |
| SME Foreign Exchange Services | Online Foreign Exchange solutions for MSME (Micro, Small and Medium Enterprises) Businesses. | |
| SME International Services | This category refers to International Business Solutions for the Small & Medium Enterprise (SME) segment. | |
| SME Services | This category refers to Business Solutions for the Small & Medium Enterprise (SME) segment. | |
| Social commerce | Social Payments refers to the ability to offer consumers a way to make payments in the context of their social networking experience. |  |
| Stock Financing | Stock Financing | |
| Title | Abstract | Icon |
|---|---|---|
| Trade or Merchant Payments | Trade or Merchant Payments relate to businesses as opposed to consumer transactions. |  |
| Transport | This category refers to the use of services to pay for transport, transit, parking, ticketing and other charges associated with travel. |  |
| Trusted Service Manager | A trusted service manager (TSM) plays a role within an NFC ecosystem by acting as a neutral broker. |  |
| Title | Abstract | Icon |
|---|---|---|
| Virtual Currency | Virtual currency differs from electronic money as the currency has no physical counterpart with legal tender status. The schemes, of which Bitcoin is the most well known are generally based on a peer-to-peer network. | |
| Title | Abstract | Icon |
|---|---|---|
| White Label | This category refers to B2B services that support integration and build of products and services by other brands. |  |
| Wholesale Finance | Digital Banking (DB) is the head we use to describe a range of alternative channels offered by banks to supplement branch services. | |
| Wholesale Sector | Wholesale Sector | |
| Title | Abstract | Icon |
|---|---|---|
| Operations | operations of different kinds |  |