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BIBLIOGRAPHY

What is electronic money?

Bank of Japan (Tell me! Nichigin)

Claims Supported by This Source

  1. Electronic money is generally a prepaid electronic payment method that is charged before use. Typical examples include those issued by railway companies and retail/distribution companies.
  2. Mechanism: (1) User X gives cash, etc., to issuer A and receives electronic money. (2) X gives the electronic money to Y as payment. (3) A pays cash, etc., to Y in exchange for the electronic money upon Y's request.
  3. The key point is that the user gives funds, such as cash, to the issuer in advance. It is premised on the issuer exchanging the e-money for cash, etc., so trust in the issuer must be secured.
  4. The recipient can accept it without worrying about who the payer is, just as with receiving cash.
  5. The number and amount of e-money transactions are published in the "Payment and Settlement Statistics" released monthly by the Bank of Japan.

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