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Glossary
continued
Word
Definition
underbanked/badly banked
People with poor access to mainstream financial services, such as banks and therefore
rely on alternative financial services or alternatively people with bank accounts who do
not make effective use of the broader services offered by the bank – they merely
deposit and withdraw cash from their accounts
UniPIN
Universal PIN for prepaid electricity
USSD
Unstructured supplementary service data
value added
Measure of wealth the Group has created in its operation by “adding value” to the
cost of products and services
VAS
Value-added services
Viamedia
Viamedia Proprietary Limited
virtual distributor
Distribution of e-tokens of value in electronic format
virtual prepaid airtime
Airtime top-up in an electronic format
WAP
Wireless application protocol
WASP
Wireless application service provider
WASPA
Wireless Application Service Providers Association