What is meant by Electronic Money?
According to the Bank of Spain, it is the monetary value represented by a credit payable to its issuer and which has these characteristics:
- Accepted as a means of payment by companies other than the issuer.
- Stored in your electronic support.
- Issued upon receipt of funds of an amount whose value will not be less than the monetary value issued.
What Electronic Money Institutions are there in Spain?
According to the Bank of Spain, there are currently several entities with these characteristics in our country, such as MoneyToPay and YoUnique Money or SEFIDE EDE. Although it is true that some of those authorized in the European Union can operate in Spain. Also Pecunia Cards – PECUNPAYwith whom we work.
