GLOSSARY OF TERMS

2G Second Generation 3G Third Generation 4G Fourth Generation AE Advanced Economies AFI Alliance for Financial Inclusion AML-CFT Anti-Money Laundering and Combatting the Financing of Terrorism API Application Programming Interface ATM Automated Teller Machine BIS Bank for International Settlements BOG Bank of Ghana CBOB Central Bank of Bahamas CBDC Central Bank Digital Currency CDD Customer Due Diligence CGAP Consultative Group to Assist the Poor DFS Digital Financial Services DLT Distributed Ledger Technology EAP East Asia and the Pacific ECA Europe and Central Asia ECCB Eastern Caribbean Central Bank EFT Electronic Funds Transfer E-money Electronic Money EMDE Emerging Markets and Developing Economies EMV Europay, Mastercard, Visa ESG Environment, Social and Governance FATF Financial Action Task Force FDP Forcibly Displaced Persons FI Financial Inclusion FSP Financial Service Provider G2P Government to Person G+D Giesecke+Devrient GSMA Groupe Speciale Mobile Association i2i Insight-to-Impact IC Integrated Circuit ID Identity Document IFWG Intergovernmental FinTech Working Group ISO International Organization of Standardization KYC Know Your Customer LAC Latin America and the Caribbean IMF International Monetary Fund MMI Mobile Money Infrastructure MMO Mobile Money Operator MENA The Middle East and North Africa MSME Micro, Small and Medium Enterprises ML Money Laundering NFC Near-Field Communication P2P Peer-to-peer P2G Person to Government P2B Person to Business PBOC People’s Bank of China PBCDCI Digital Currency Institute of the People’s Bank of China PF Proliferation Financing PIN Personal Identification Number POS Point of Sale PSP Payment Services Provider RFID Radio Frequency Identification RT Real Time RTGS Real-Time Gross Settlement RTL Real Timeline QR Quick Response SIM Subscriber Identity Module SME Small and Medium-Sized Enterprise SMS Short Message Service STK SIM Toolkit SSA Sub-Saharan Africa TCF Treating Customers Fairly TF Terrorist Financing UI User Interface UNCTAD United Nations Conference on Trade and Development USA United States of America USDC United States Dollar Coin