Overview1 1 Introduction1 2 Applicability2

PART A OVERVIEW1 1. INTRODUCTION1 2. OBJECTIVE1 3. …

1.1 Electronic money (e-money) is a payment instrument that contains monetary value that is paid in advance by the user to the e-money issuer. The user of e-money can make payments for purchases of goods and services to merchants who accept the e-money as payment. 1.2 E-money can be issued in different forms, such as card-based

  Introduction1, Introduction1 2, Overview1 1, Overview1