Meaning of “electronic purse” in the English Dictionary

business-english dictionary

"electronic purse" in Business English

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electronic pursenoun [ C ]


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)