[Dave Birch] Well, I don’t want to get caught up in "angels on heads of PINs" debates, but something popped up in a conversation recently: when should we call a scheme "e-cash" and when should we call it "e-money" and why do we lump both of them together as "digital money".  How this for a distinction: when you have an electronic payment instrument that you can use to pay a merchant, then that’s "e-money", but when you have an electronic payment instrument that can be used to pay another person, then that’s "e-cash".  And both of them together are "digital money".

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Digital money has been much about e-money of late, but e-cash is resurgent because of what’s happening in the world of mobile phones, contactless payments and NFC. Dick Clark from Consult Hyperion will be covering this and related issues at the New Payment Channels 2007 conference in London in February 22nd/23rd.

My opinions are my own (I think) and are presented solely in my capacity as an interested member of the general public. [posted with ecto]


  1. I like your definition, but what about a cashless payment on a vending machine paid with your mobile with Crandy for example ? is it “e-money” or “e-cash” ?

  2. is there diffrent between the e-money and digital money and e-cash and the e-money is it just the creidt cards atm and online cards

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