electronic money
nounUK /ɪˌlɛkˈtrɒnɪk ˈmʌni/
US /ɪˌlɛkˈtrɑːnɪk ˈmʌni/
Electronic money is money that you keep and use on a computer or phone instead of in your hand.
She paid for her toys using electronic money on her mom's phone.
OTHER MEANINGS
2. Money stored as data on a card or chip that can be used to buy things.
He tapped his bus card, which holds electronic money for rides.
3. Money that moves between banks through computers without any paper bills.
The company sends salaries as electronic money straight to workers' accounts.
4. A digital balance in an app or online account used for purchases.
Her game app shows electronic money she can spend on new levels.