Electronic Money

Electronic money (also known as electronic cash, electronic currency, digital money, digital cash or digital currency) refers to money or scrip which is exchanged only electronically. Typically, this involves use of computer networks, the internet and digital stored value systems. Electronic Funds Transfer (EFT) and direct deposit are examples of electronic money. Also, it is a collective term for financial cryptography and technologies enabling it.
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An electronic store of monetary value on a technical device that may be widely used as a prepaid bearer instrument for making payments to undertakings other than the issuer without necessarily involving bank accounts in the transactions. In order to be considered e-money, such devices must operate as general-purpose payment instruments. The ECB's statistics capture e-money that is issued by MFIs located within the euro area. In accordance with Regulation ECB/2001/13, as amended, the amount outstanding of e-money issued by euro area MFIs is included in the balance sheet under "overnight deposits".

same as digital money.