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Directive 2000/46/EC of the European Parliament and of the Council of 18 September 2000 on the taking up, pursuit of and prudential supervision of the business of electronic money institutions · European Union

For the purposes of this Directive: "electronic money institution" shall mean an undertaking or any other legal person, other than a credit institution as defined in Article 1, point 1, first subparagraph (a) of Directive 2000/12/EC which issues means of payment in the form of electronic money; "electronic money" shall mean monetary value as represented by a claim on the issuer which is: stored on an electronic device; issued on receipt of funds of an amount not less in value than the monetary value issued; accepted as means of payment by undertakings other than the issuer.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-11 · Text as adopted (Official Journal); later amendments are not incorporated in this text.