The Implications of Applying Electronic Money as a Mechanism for Modern Financial Technology

Sahnoune Mustapha, Ben Ayad Mohamed Samir, Ahmed Helmy

Abstract

The following paper deals with the most important challenges faced by emerging companies in the field of financial technology by addressing the nature of electronic money as a means of modern electronic payment and as an essential element in financial technology and trying to draw the effects of this type of modern electronic payment methods in various fields In terms of monetary policy, economic and legal aspects. It has been concluded that electronic money is one of the modern means adopted in the electronic trading business over the Internet and at points To sell, which is very similar to conventional money, but the medium you deal in make it distinguished on the other hand from that money. It can take the form of a smart card or electronic wallet used over the Internet. It is also a special money, in the sense that it is issued by credit companies or private financial institutions licensed to issue the money, ie, the issuance is not limited to the Central Bank