Electronic money institutions

Electronic Money Institutions (EMIs) are authorized companies that manage digital money, allowing people to store, send, and receive funds electronically. They operate under regulatory oversight to ensure security and trustworthiness. Unlike traditional banks, EMIs typically focus on electronic payments, e-wallet services, and online transaction facilitation. They do not offer all banking services but provide a safe platform for digital transactions, making it easier to pay and transfer money electronically across different accounts and borders.