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multi-purpose prepaid card

Bible DictionaryEuropean Central Bank Dictionary
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.
See also:
 electronic money (e-money)    
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.

 

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