Electronic Money Directive (EMD)

The Electronic Money Directive (EMD) is a European law that regulates electronic money services within the EU. It sets standards for issuing, managing, and using electronic money—digital cash stored electronically, like prepaid cards or e-wallets. The directive aims to ensure security, protect consumers, and promote a level playing field for businesses offering these services. It requires providers to meet certain requirements, such as safeguarding customer funds and obtaining proper authorization. Overall, EMD helps facilitate safe and reliable electronic payments across EU member states.