Introduction Globally, electronic money is used for money transfers. As the global and networked economy grows, professionals are becoming more interested in the implications of e-money for future banking functions. Globalization and the advancement of information technologies are linked to the development of electronic payment systems. The process is not linear or consistent. In the domain of e-money and implementing new banking methods, Euro-zone countries and countries from the region have advantageous experiences that help each country learn from the other. What is E-money? Electronic money refers to money stored electronically on a "saved" card. Stashed in a user's account and usable to pay for products and services using a card or an electrical gadget such as a phone. One may have a financial company acting as intermediary supervising electronic money transactions. These funds are issued by both public and private entities globally, raising concerns about...
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