E-Money Directive

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

The E-Money Directive or the electronic money directive (2009/110/EC, originally 2000/46/EC) regulates electronic payment systems in the European Union. The aim is to enable new and secure electronic money services and to foster effective competition between all market participants.

As per Article 2(2) of Directive 2009/110/EC, “e-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 transaction, and which is accepted by a natural or legal person other than the electronic money issuer”. Prepaid cards and electronic wallets are examples of electronic money.[1]

See also[edit]


  1. ^ "E-money | Electronic Money Institution | Licencing & Compliance | UK". BCC UK. Retrieved 2021-03-23.

External links[edit]