Meaning of “e-money” in the English Dictionary

business-english dictionary

"e-money" in Business English

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e-moneynoun [ U ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)