Write a short note on E-Banking and E-Money.....????
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Answers
E-banking is a product designed for the purposes of online banking that enables you to have easy and safe access to your bank account. E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week.
Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions.
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Answer:
E-banking is a product designed for the people to get easy and safe access to their accounts. It is a very efficient service that allow you to do transaction 24 by 7. The best example for E-banking is ATM. People use their debit cards or visa cards with a pin code to do transaction at any time.
Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money issuer. The device acts as a prepaid bearer instrument which does not necessarily involve bank accounts in transactions.