1. electronic money money stored in electronic form, used to buy things on the Internet without using a credit card:
• E-cash is similar to the electronic fund transfers done between banks.
2. electronic money money that is stored in electrical form on a smart card, used when buying things in a shop:
• Like notes and coins, e-money can be used to pay for goods and services in shops, supermarkets and other locations.
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e-money UK US noun [U] (also electronic money, also e-cash, also digital cash) COMMERCE, E-COMMERCE, MONEY
► money that is stored electronically, for example, on a computer or plastic card, and can be used to pay for products and services, for example, on the internet: »
A number of issues need to be resolved before we see e-money replace cash completely, the most important being data security.
Financial and business terms. 2012.