electronic money institutions

[angelicascream]

Hey everyone, I've been reading about electronic money institutions lately. Does anyone here know exactly what they are?

[mermankar]

I've heard the term before, but I'm not entirely clear on it either. From what I gather, they're financial entities that issue electronic money, right?

[waternok]

Yeah, that's right. They're licensed to issue electronic money, which can be used for making payments or transactions electronically. One key difference is that electronic money institution https://corefy.com/blog/how-to-become-an-electronic-money-institution typically focus on electronic payments and transactions. They don't offer the full range of services that traditional banks do, like loans or mortgages.

[Teresty]

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[sepater]

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