Electronic Money Meaning

Electronic money e-money is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. Electronic money need not necessarily involve bank accounts in transaction but acts as a prepaid bearer instrument.

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This part of the definition means that electronic money is a prepaid product.

Electronic money meaning. Electronic money Meaning in BengaliEnglish to Bangla online dictionary. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions. Money that is stored electronically for example on a computer or plastic card and can be used to.

The definition of electronic money says that for a product to be electronic money it must be issued on receipt of funds. Electronic money at electronic currency. Tech eMoney is electronic money exchangeable electronically via cyber digital device as cell phone.

Digital currency digital money electronic money or electronic currency is any currency money or money-like asset that is primarily managed stored or exchanged on digital computer systems especially over the internet. EMoney is electronic money exchangeable electronically for good and services via cyber digital device. Electronic money meaning and definition.

Electronic money at e-money. E money is a monetary value that is stored and transferred electronically through a variety of means a mobile phone tablet contactless card or smart cards computer hard drive or servers. Electronic money e-money has the potential over time to significantly reduce the use of other methods of payment particularly coins and notes in small-value transactions.

The great advantage of course is a cashless payment system that makes money transfers of any size quick and easy. What is the definition of electronic money. De très nombreux exemples de phrases traduites contenant electronic money account Dictionnaire français-anglais et moteur de recherche de traductions françaises.

Electronic money at electronic cash. That is unlike credit provided through a credit card the customer pays for the spending power in advance. E-money is defined as digital monetary medium of exchange that is represented on an electronic device.

Find 5 synonyms for electronic money and other similar words that you can use instead from our thesaurus. Electronic money is a digital store of a medium of exchange on a computerized device. Electronic money meaning in bengaliGoogle Translate electronic money.

An electronic money account e-money account in accordance with Section 2 Paragraph eight of the Law is a limited functionality account opened in a closed system set up and maintained by an electronic money institution and used by its holder for accounting of electronic money issuance and repurchase transactions as well as accounting for electronic money payments made only in. What is the meaning of electronic money. E-money can be used for payment transactions with or without bank accounts.

Click for more detailed meaning in English definition pronunciation and example sentences for electronic money. Electronic moneyReady money held i. What are synonyms for electronic money.

Types of digital currencies include cryptocurrency virtual currency and central bank digital currency. The device in question could be a software like a banking system or a payment service provider such as PayPal or a piece of hardware like a smartphone or a. How do you use electronic money in a sentence.

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