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  Page 300 - The Digital Financial Services (DFS) Ecosystem

When he buys goods for his shop, Steve is making B2B payments. When his customers buy those goods, they make customer-to-business (C2B) payments. (...) The report will not focus on government payments (taxes, fees, fines), financial market transactions (investments, mergers, and acquisitions), or intra-company transactions (between subsidiaries and headquarters).

Score: 1550593.8 - https://www.itu.int/en/publica.../files/basic-html/page300.html

  012_E_doc

What is mobile money transaction? • Mobile money is e-money available to a user to conduct transactions through a mobile phone. (...) Does not incur any withdrawal charge since the charges are catered for by the sender, thus He/she receives all his/her money sent. 7 How Mobile Money Works: REGISTERED USERS UNREGISTERED USERS Have mobile money accounts Do not have mobile money accounts Can send and receive money Can not send but can receive money Can buy airtime + other services from the mobile money platform Can not buy airtime or any service from the mobile money platform Can withdraw varied amounts from their accounts Must withdraw all the money received 8 11/25/2014 5 Deposit - Buying Mobile Money This occurs when a registered user wants to purchase e-money. • He/she will give physical cash to the agent and obtain an equivalent e-amount of Mobile Money on his/her phone • Only registered users can buy Mobile Money, • There are no charges for this transaction 9 MNOs providing MMS in Uganda MNOs YEAR OF LAUNCH COMMERCIAL BANKS IN PARTNERSHIP SERVICES OFFERED MTN 2009 Crane Bank, Centenary Bank, United Bank of Africa Paying utility bills Paying tuitions Pay TV Insurance Premium Street parking fees Air ticket payments Buying general goods and services AIRTEL 2009/2012 Standard Chartered Bank, United Bank of Africa UTL 2010 Post Bank, Posta Uganda, Pride Micro Finance, Uganda Finance Trust ORANGE 2013 Post Bank, Pride Microfinance Former Zain launched the service in 2009 but was later acquired by Airtel. (...) Network platform independent Users transact with/using EzeeMoney e-Wallet at the various EzeeMoney Service Centers countrywide.

Score: 1535146.3 - https://www.itu.int/en/ITU-D/S.../events/wtis2014/012_E_doc.pdf

  CEFACT Group Report Template

What: Strategy End-to-end Simplify Capture business knowledge Business relevance of the technology How: Deliverables Standards Recommendations and Guidelines Technical Specifications Integrated Strategy for Trade Facilitation and e-Business Who: Audience and Constituency Government & regulatory bodies Private Sector Software implementers Integrated Strategy for Trade Facilitation and e-Business UN/CEFACT Structure STRATEGY VISION TACTICAL International Trade Transaction Process BUY SHIP PAY Customer Supplier Intermediary Authority The International Trade Transaction Process consists of The International Trade Transaction Process consists of integrated and coordinated flows of information, goods & payments Source: The UN/CEFACT International Supply Chain Reference Model The International Trade Transaction Process BUY Establish Business Agreement Request Quotation Negotiate Agree Contract Order INVOLVES Commercial Procedures Establish Contract Order Goods Advise On Delivery Request Payment The International Trade Transaction Process SHIP Prepare for Export Export Transport Prepare for Import Import INVOLVES Transport Procedures Establish Transport Contract Collect,Transport and Deliver Goods Provide Waybills, Goods Receipts Status reports etc. (...) Regulatory Procedures Obtain Import/Export Licences etc Provide Customs Declarations Provide Cargo Declaration Apply Trade Security Procedures Clear Goods for Export/Import Financial Procedures Provide Credit Rating Provide Insurance Provide Credit Execute Payment Issue Statements INVOLVES Prepare For Export Export Transport Import SHIP BUY PAY Prepare For Import The International Trade Transaction Process- Market Needs International Traders need to be able to provide error free documentation, either electronically, or on paper, using systems which are both easy to use and cost effective. (...) The International Trade Transaction Process- Market Needs UN/CEFACT is working to deliver United Nations electronic Trade Documents (UNeDocs) to provide an integrated solution for paper and electronic trade documents.

Score: 1525873.1 - https://unece.org/fileadmin/DA...06/presentations/MikeDoran.pps

  Page 240 - The Digital Financial Services (DFS) Ecosystem

To achieve digital liquidity, the value proposition must widen to include more use cases. eMoney needs to be better for buying crops, paying school fees, buying household supplies, paying utility bills, paying loans and so on. (...) Expenses include income-related expenses such as paying labourers, repaying loans from friends, buying seeds, as well as household expenses such as food, clothing, and transportation. Until BoP-to-BoP eMoney transactions reach a tipping point, the need to cash-in or cash-out will remain high as these transactions are likely the bulk of BoP activity.

Score: 1511093.9 - https://www.itu.int/en/publica.../files/basic-html/page240.html

  VALUE OF GOODS FOR CUSTOMS PURPOSES

Article 29 Definition of customs value -Transaction value method (1) The customs value of imported goods shall be the transaction value, that is the price actually paid or payable for the goods when sold for export to the Republic of Macedonia adjusted in accordance with the provisions of Article 36 and 37 of the Code, provided : a) that there are no restrictions as to the disposition or use of the goods by the buyer other than restrictions which : - are imposed or required by law or other provisions of the Republic of Macedonia; - limit the geographical area in which the goods may be resold; or - do not substantially affect the value of the goods; b) that the sale or price is not subject to some condition or consideration for which a value cannot be determined with respect to the goods being valued; c) that no part of the proceeds of any subsequent resale, disposal or use of the goods by the buyer will acquire directly or indirectly to the seller, unless an appropriate adjustment can be made in accordance with the provisions of Article 36 of the Code; and d) that the buyer and seller are not related, or where the buyer and the seller are related, that the transaction value is acceptable for customs purposes under the provisions of paragraph 2. (2) a) In determining whether the transaction value is acceptable for the purposes of paragraph 1, the fact that the buyer and the seller are related shall not in itself be ground for regarding the transaction value as unacceptable. In such case the circumstances surrounding the sale shall be examined and the transaction value shall be accepted provided that the relationship did not influence the price. (...) Article 30 Identical value method (1) a) If the customs value of the imported goods cannot be determined under the provisions of Article 29 of the Code, the customs value shall be the transaction value of identical goods sold for export to the Republic of Macedonia and exported at or about the same time as the goods being valued. b) In applying this Article, the transaction value of identical goods in a sale at the same commercial level and in substantially the same quantity as the goods being valued shall be used to determine the customs value.

Score: 1470326.6 - https://www.wto.org/english/th...e/mkd_e/WTACCMKD24_LEG_4_1.pdf

  Microsoft Word - WTACCTJK13A1_LEG_5

The transactions of buying and selling foreign exchange may be carried out directly between the authorized banks, as well as through the foreign exchange markets, which operate in accordance with the procedure and under the terms and conditions, established by the National Bank of the Republic of Tajikistan (as published in the text of the Law of the Republic of Tajikistan of 22 May 1998). (...) The National Bank C, with a view of regulating the domestic foreign exchange market of the Republic of Tajikistan, may change the previously established margin for buying and selling of the foreign exchange within the limits of the foreign exchange positions of the authorized banks, as well as carry out transactions of buying and selling of foreign exchange (as published in the text of the Law of the Republic of Tajikistan of 22 May 1998). 7 Article 5. (...) Article 6. Foreign exchange transactions of the residents in the Republic of Tajikistan 1.

Score: 1460535.4 - https://www.wto.org/english/th...e/tjk_e/WTACCTJK13A1_LEG_5.pdf

  Innovative sources o

Innovative sources of financing for development: The Currency Transaction Tax Rodney Schmidt* The North-South Institute Canada The Currency Transaction Tax (CTT) is one of the new mechanisms being considered by many governments, international institutions, and others to raise large amounts of independent, global, and stable monies. (...) They already collect transaction settlement fees automatically, so it would be easy to have them collect the CTT as well. (...) Practically, however, post-tax spreads should be well within the range of recent spread values and transaction volumes should not fall much. A CTT of 0.5 basis points, or 0.005 percent, on every foreign exchange transaction in dealer markets, would widen spreads at most by one basis point.

Score: 1436504.5 - https://www.un.org/esa/ffd/wp-...2_Schmidt_CurrencyTransTax.pdf

  Page 350 - The Digital Financial Services (DFS) Ecosystem

This could be for a bundle of services (e.g. a "wallet") or for indi- A broad term including any payment which is executed electron- A business model in which a provider groups a collection of ser- vices into one product which an end user agrees to buy or use. vider; often a government function used specifically for bank A fund that insures the deposits of account holders at a pro- funds safeguarding. vidual transactions. Related to transactions which transfer value from one end party to another. accounts. (...) In banking, float is created when one party's account is debited or credited at a different time than the counterparty to the transaction. eMoney , as an obligation of a non-bank provider , is sometimes referred to as float.

Score: 1431224.8 - https://www.itu.int/en/publica.../files/basic-html/page350.html

  Travel

Around the world, companies are building and testing solutions that will allow consumers to buy what they want when they want it by using their mobile devices. (...) All your plastic cards - and that includes credit cards, ID cards and loyalty cards, are one card - the card in the smart card in your mobile device. What you buy can be charged to your mobile phone bill.'' (...) He estimates that 30 percent to 50 percent of business-to-consumer e-commerce transactions will be carried out via a mobile device by 2004 and performed outside North America.

Score: 1430680.3 - https://www.itu.int/newsarchive/wtd/1999/iht10/tra-10.html

  Microsoft Word - ffdtaxation-application of the UN model

Description of common products 3-5 3 III. Analysis of transactions 6-14 5 IV. Conclusions 15 6 3 E/C.18/2005/4 I. (...) There are four basic types of derivative transactions: forwards, futures, options and swaps. Forwards and futures obligate the holder to buy or sell a specific amount or value of the underlying at a specified price on a specified future date. (...) In Transaction #4, amounts of money have changed hands up-front, so the transaction looks somewhat more like a debt claim.

Score: 1424312.9 - https://www.un.org/esa/ffd/wp-...-the-UN-model-E-C18-2005-4.pdf