electronic money

Electronic money, also known as e-money, refers to digital forms of currency stored electronically rather than physically, like cash. It allows you to make payments, transfer funds, or shop online without using physical coins or bills. E-money is typically stored in digital wallets or accounts linked to devices or online platforms, making transactions quick and convenient. Examples include prepaid cards, mobile payment apps, and digital banking services. It’s a secure, efficient way to handle money electronically while maintaining the value similar to traditional currency.