IBAN: International Bank Account Number

IFC: International Finance Corporation

ISO: International Organization for Standardization

LVPS: Large-Value Payment System

MNO: Mobile Network Operator

NFC: Near-Field Communications; used for contactless payments using short-range wireless

technology

Non-Cash Payments: Transactions made with instruments other than bank notes and coins, i.e.,

using credit cards, debit cards, credit transfers, direct debits, or Cheques

OECD: Organisation for Economic Co-operation and Development

OIC: Organisation of Islamic Cooperation

PIN: Personal identification number

POS: Point-of-Sale

RFID: Radio-frequency identification

RTGS: Real-Time Gross Settlement

SMS: Short Message Service

SWIFT: Society for Worldwide Interbank Financial Telecommunication

WAEMU: West African Economic and Monetary Union