Abbreviations

AI	Artificial intelligence
AML/CFT	Anti-Money Laundering and Combating the Funding of Terrorism
API	Application Programming Interface
API	Application Program Interface
ARPU	Average Revenue Per User
B2B	Business to Business
B2C	Business to Consumer
CAGR	Compound Annual Growth Rate
Churn Rate	Percentage of service subscribers who discontinue their subscriptions within a given period
DLT	Distributed Ledger Technology
EBITA	Earnings before interest, taxes, and amortization
EVD	Electronic Voucher Distribution
Fintech	Financial technology
Freemium	A business model, whereby basic services are provided free of charge while more advanced features must be paid for. Charges could be for extra numbers of licenses, users, and/or subscriptions as well.
ICO	Initial Coin Offering
IoT	Internet of Things
IP	Intellectual Property
IPO	Initial Public Offering
ISP	Internet Service Provider
KYB	Know Your Business
KYC	Know Your Customer
MAU	Monthly Active Users
MEFA	Middle East Africa
ML	Machine learning
ML/FT	Money Laundering and Funding of Terrorism
MVNO	Mobile Virtual Network Operator
MVP
NFT	Non-Fungible Token
P2P	Peer-to-peer
POS	Point of Sale
PSP	Payment Service Provider
UGC	User-Generated Content
USP	Unique Selling Proposition