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What is an E-money account?

What actually is electronic money?

Written by Kez
Updated over a month ago

Your Account is a ‘virtual’ account that holds your e-money. E-money is an electronic alternative to cash. If you or someone else gives AF Payments money in one currency, AF Payments will issue an equivalent of e-money in that currency.

AF Payments will safeguard the e-money in your Account, and other people will accept this as payment. Generally, references to 'money' mean e-money.

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