Definition: Multi-purpose prepaid card

ECB terminology

A prepaid card which can be used at the outlets of several service providers for a wide range of purposes and which has the potential to be used on a national or international level, but which may sometimes be limited to a certain area. A reloadable multi-purpose prepaid card is also known as an electronic purse.
Source:
European Central Bank on-line glossary (2009)
Created:
Updated:

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