E-MONEY

• E-money, also known as electronic money, is a form of

currency that exists only in electronic form. E-money is
typically stored electronically, often in digital wallets or
accounts, and can be used for various financial transactions,
like money transfers, payments for goods and services.

• Examples of E-money include digital currencies (like Bitcoin),

e-wallets (like Paytm) and digital payments systems (like
PhonePe).

• E-money provides a convenient and efficient way to conduct

financial transactions in digital age.
 TYPES OF E-MONEY
• There are several types of e-money. Some of then are listed
below:
o Digital Currencies
o Electronic Wallets
o Prepaid Cards
o Digital Payment Apps
 E-payment system
• E-payment system, or electronic payment system is a mechanism
that allows individuals, businesses, and organisations to make
financial transaction electronically, without the need of physical
cash.
• These system have become increasingly prevalent in today’s digital
economy and offer various benefits, including speed, convenience,
and security.