electronicmoney
Electronic money, or e-money, refers to monetary value that is stored electronically and can be used to execute payments. It is issued by a licensed e-money provider or financial institution and is accessed through electronic instruments such as cards, mobile devices, or online accounts. E-money represents a claim on the issuer and is typically used for consumer payments, transfers, and sometimes cash withdrawal, rather than as a direct deposit at a traditional bank.
E-money takes several forms, including stored-value or prepaid cards, mobile money, digital wallets, and online wallets.
Regulation and supervision of e-money vary by jurisdiction but commonly fall under either dedicated electronic money
History and use trends show e-money evolving from early stored-value experiments in the 1990s toward widespread
See also: digital wallet, mobile payment, prepaid card, electronic payment system.