The electronic money (e-money) service is a system through which financial transactions can be carried out electronically instead of traditional means (checks, certificates, or physical money). Electronic money services are financial solutions supported by a technological platform that facilitates the financial operations of an entity, company, business, or organization. These services are primarily designed to streamline a company’s or business’s financial processes, considerably reducing its dependence on cash, obsolete platforms, or traditional payment systems.
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