Analysis of News relating to the Digital Money Ecosystem

Fintech 101: Core concepts for the future of banking - Mozo.com.au

19/09/2018 Link to source

Fintech 101: Core concepts for the future of banking A digital wallet stores all your personal payment information and passwords for numerous payment methods and websites. However, digital wallets can also be used alongside mobile payment systems, meaning consumers can make purchases with their ...

Context

	FinTech This category relates to Fintech companies and startups
	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 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.
	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).
	Digital Wallet The Digital Wallet topic discusses the use of an account and stored value or e-money across multiple channels and services. This includes prepaid cards, vouchers and mobile wallets.
	FinTech FinTech is a recent term applied to disruptive financial innovation, and is similar to the term "digital money" used by Shift Thought for some years now.
	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).
	Payment Systems Payment systems refers to operational networks, governed by laws, rules and standards, that link bank accounts and provides the functionality for monetary exchange.

---