Electronic money Flashcards
1
Q
currency that exists in banking computer systems
that may be used to facilitate electronic transactions.
backed by fiat currency
A
Electronic money
2
Q
Maximum Limit to What E-Money Accounts can
Contain?
A
Php 100,000.
3
Q
Non-bank eMoney issuers
A
DCPay Philippines Inc.
Grab Pay
G-Xchange Inc. (GCash)
PayMaya Philippines Inc.
StarPay Corp.
OmniPay Inc. (receiver only)
USSC Money Services Inc. (receiver only)
4
Q
may be exchanged for fiat currency and
is represented within the regulated banking system.
A
Electronic money
5
Q
are privately issued and are not backed
by financial assets. Cryptocurrency is created using
blockchain technology without government control or
regulation.
A
Cryptocurrency
