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# 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*](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113)

### 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)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02009L0110-20180113).