Electronic Money Institutions (EMI)

Electronic Money Institutions (EMIs) are companies that issue electronic money and provide payment services. Unlike traditional banks, EMIs focus on digital transactions, allowing you to store money electronically, make payments, and transfer funds online. They are regulated to ensure consumer protection and prevent fraud. EMIs offer services like digital wallets and prepaid cards, making it easier and faster to manage your finances without needing cash or traditional banking services. They play a crucial role in today’s digital economy, enabling secure and convenient financial transactions.