0 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:
I also think that institutions issuing e-money should be treated as equal.
So, clearly, e-money has a long way to go to become a serious alternative to cash.
We have opened the door for e-money only a bit wider.
The business of these limited national schemes cannot, from a financial stability viewpoint, be compared with the business of large e-money schemes or credit institutions.
It means that e-money must be redeemed for cash on request minus any deductions for legitimate costs in carrying out the transactions.
There is no possibility that monetary instability will arise from the phenomenon of e-money.
There is no need of a bank account in order to use e-money, so it is particularly relevant to those in society who do not, or cannot, have bank accounts.
We need secure payment systems, we need a system of damages that protects customers from fraud, and we need e-money that enables us to pay as if paying with cash.
