Meaning of “electronic cash” in the English Dictionary

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"electronic cash" in Business English

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electronic cashnoun [ U ]

uk us also e-cash, also electronic currency, also e-currency, also electronic money, also e-money, also digital cash

money kept in electronic form which allows a buyer to pay for goods and services on the internet without using a credit card:

The Electronic Commerce Promotion Council has worked to harmonise Japan with other countries by promoting online shopping and electronic cash.

money kept in electrical form on a smart card, that can be used to pay for goods and services in shops, etc. without using a credit card:

The electronic cash can be given to a shopkeeper to pay for goods by simply slipping the card into a reader

(Definition of “electronic cash” from the Cambridge Business English Dictionary © Cambridge University Press)