multi-purpose prepaid card (electronic purse)

What is multi-purpose prepaid card (electronic purse)?

multi-purpose prepaid card (electronic purse) definition and meaning on Finance terms:
A prepaid card which can be used at the outlets of several service providers for a wide range of purposes. See also
prepaid card<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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