Electronic money
Electronic money (electronic money, e-money) is one of the most critical economic categories of the modern science of money, banks and credit. In the mid-90s, they began to be actively introduced into circulation by electronic settlement payment systems and other commercial structures operating in global Internet networks in real-time (online). Today, no world-recognized definition of electronic money would unambiguously disclose its economic and legal essence.
In the document of the European Central Bank of 1998 ―Report on electronic money‖, the following definition is given: electronic money is a monetary value stored electronically on a technical device and can widely
be used to make payments to enterprises other than the issuer, without the need to use bank accounts, but which works as before paid bearer instrument [11,39].
Electronic money – non-cash settlements between sellers and buyers, banks and their clients, are carried out using a computer network and communication systems using information coding and automatic processing. The advantages of the electron. payment. systems are accessibility (every user can open their electronic account), mobility (regardless of the location, the user can carry out any financial operations with his account), security (information is transmitted using cryptography), ease of use, and efficiency. For example, you can pay for goods in online stores and utilities. services, services of providers.
O. I. Baranovskyi. (2009). Electronic money. Encyclopedia of Modern Ukraine: encyclopedia. Institute of Encyclopedic Research of the National Academy of Sciences of Ukraine. Retrieved, from: https://esu.com.ua/article-1776
Davydovska, G. I. (2011). Electronic money and electronic payment systems in Ukraine. Economic analysis: coll. of science work cafe economy of analysis and statistics Ternopil. national economy university.