e-money

noun
UK /ˈiːˌmʌni/
US /ˈiˌmʌni/

E-money is money that lives in a computer or phone instead of in your hand.

She paid for the toy using e-money on her phone.


OTHER MEANINGS

2. Money stored on a card or chip that you can spend without using cash.

He tapped his e-money card to buy a bus ticket.

3. Funds kept in an online account that can be sent to others instantly.

The app lets you send e-money to a friend in seconds.

4. A prepaid balance held by a company that you can use to buy things.

Her e-money balance ran out, so she added more online.