Definition: E-money

Category: ECB terminology

Monetary value as represented by a claim on the issuer which is 

(i) stored on an electronic device; 
(ii) issued on receipt of funds of an amount not less in value than the monetary value issued; 
(iii) accepted as means of payment by undertakings other than the issuer. http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2007:341:0001:0232:EN:PDF
Source:
European Central Bank, Guideline of the European Central Bank of 1 August 2007 on monetary, financial institutions and markets statistics (recast), Official Journal of the European Union No L 341, 27.12.2007, p. 1 - 232
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