Electronic Money refers to digital currency that is stored and transacted electronically. It allows users to make payments, transfer funds, and conduct financial transactions without the need for physical cash. Common forms of electronic money include credit cards, debit cards, and mobile payment apps. This type of money is often managed through online banking systems or digital wallets, making it convenient for everyday use. Transactions are typically fast and secure, utilizing encryption technology to protect sensitive information. As technology advances, the use of electronic money continues to grow, influencing how people handle their finances.