What Is E Purse?

Answer

E-Purses are issued by banks to their account-holding customers. Money is loaded into the e-Purse by a transfer from the cardholder's bank account at a load device. This transaction is on-line and PIN protected, just like a cash withdrawal from an ATM.
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1 Additional Answer
E Purses is a card issued by banks to their account holding customers. Money is loaded into the e-Purse through a transfer from the cardholder's bank account at a load device. The cardholder's account is debited immediately, and the value that is loaded into the e-purse is transferred to a float account at the bank.
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