Level One Project Focus

The Level One Project remains focused on enabling financial inclusion by meeting the needs of low-income and women end users—both individuals and merchants—as well as the digital financial service providers (DFSPs) that serve them.

Affordable payments are foundational to meeting the needs of low-income and women end-users:

Affordability

Low Cost: End users are willing and able to pay for the cost of preferred products and receive value in excess of cost

Scale: The cost of the system is spread across a huge volume of payments, making the cost per transaction very low

Safe: Parties in the instant payments ecosystem can use services securely without concern about fraud loss

Usefulness

Reliable: Users’ money and information are secure and available for use

Inclusive: Any end user can pay any other end user

Ubiquitous: End users can send and receive payments for all necessary purposes and use cases

Next Topic in this Section: Fraud Mitigation Principles