electronic purse - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “electronic purse”

electronic purse

noun [C]
 
 
E-COMMERCE
a plastic card with a small amount of money stored electronically on it, which can be used instead of cash to pay for things: A smart card becomes an electronic purse when money is credited to the card via an electronic reader.
(Definition of electronic purse from the Cambridge Business English Dictionary © Cambridge University Press)
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