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English definition of “e-money”

e-money

noun [U]     (also electronic money, also e-cash, also digital cash) COMMERCE, E-COMMERCE, MONEY
money that is stored electronically, for example, on a computer or plastic card, and can be used to pay for products and services, for example, on the internet: A number of issues need to be resolved before we see e-money replace cash completely, the most important being data security.
(Definition of e-money noun from the Cambridge Business English Dictionary © Cambridge University Press)
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