electronic purse Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “electronic purse” in the English Dictionary

"electronic purse" in Business English

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electronic pursenoun [C]

uk   us   E-COMMERCE
a ​plasticcard with a ​smallamount of ​moneystoredelectronically on it, which can be used instead of ​cash to ​pay for things: A ​smartcard becomes an ​electronicpurse when ​money is ​credited to the ​card via an ​electronicreader.
(Definition of electronic purse from the Cambridge Business English Dictionary © Cambridge University Press)
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