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ELECTRONIC MONEY

Statistics Directorate    
Definition:
Electronic money (e-money) is an electronic store of monetary value on a technical device that may be widely used for making payments to undertakings other than the issuer without necessarily involving bank accounts in the transaction, but acting as a prepaid bearer instrument.

Source Publication:
European Central Bank Annual Report.

Cross References:
Multi-purpose prepaid card

Hyperlink:
http://www.ecb.europa.eu/pub/annual/html/index.en.html

Statistical Theme: Financial statistics

Created on Tuesday, November 13, 2001

Last updated on Tuesday, June 11, 2013