e-money
noun
Pronunciation: ˈiːˌmʌni
Definition
Digital currency stored in an electronic device or online system that represents a claim on the issuer and is used to make payments.
Examples
Many commuters now rely exclusively on e-money to pay for bus and train fares.
The central bank is exploring the potential risks and benefits of issuing its own form of e-money.
Small merchants are increasingly adopting e-money platforms to reduce the need for handling cash.
Synonyms of e-money
Words with a similar meaning to e-money:
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