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Use of e-money is still in its infancy in comparison with more mature payments channels, such as checks and direct debits. Electronic payment can refer just to e-commerce-or payments for buying and selling goods or services offered online-or to any type of electronic funds transfer. You will need javascript to view this feature. E-money-or electronic money-as the digital equivalent of cash, stored on an electronic device or remotely at a server.ĭata is from the Bank for International Settlements' Statistics on payment, clearing and settlement systems in
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