electronic money

In force · EMD Article 2, point (2) · Consolidated version of 13 January 2018 · Checked against EUR-Lex on 13 Oct 2026 · Official source

Definition

2. ‘electronic money’ means electronically, including magnetically, stored monetary value as represented by a claim on the issuer which is issued on receipt of funds for the purpose of making payment transactions as defined in point 5 of Article 4 of Directive 2007/64/EC, and which is accepted by a natural or legal person other than the electronic money issuer;

Source

EMD, Article 2, point (2).