E Money Directive
From Open Risk Manual
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Definition
E-Money Directive. It is a currency that is digitized to be stored on, and used via, mobile phones, prepaid cards, or online accounts. The second E-Money Directive is a revised set of regulations introduced to benefit organizations, customers, and the wider economy. It aims to enable secure e-money services, to provide market access to new organizations, and to foster heavy competition between all participants.
