To welcome newcomers to mobile money, to facilitate effective dialogue among industry participants, and to communicate with the public and other stakeholders, the Mobile Money for the Unbanked programme is today releasing a set of definitions of mobile money terminology.
In drafting these definitions, we have sought to reflect the most common usage of these terms, rather than advocating for meanings that we prefer. Therefore, in a few cases, we have listed multiple definitions for terms that are commonly used to mean more than one thing.