Definition: Multi-purpose prepaid card

Category: 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. http://www.ecb.europa.eu/home/glossary/html/glossa.en.html