Activities and Services

According to what is established in Law 8/2018, May 17th, on payment and electronic money services [Llei 8/2018, del 17 de maig, dels serveis de pagament i el diner electrònic (Llei 8/2018)], electronic money is defined as monetary value stored electronically or magnetically, which represents issuer credit that is supplied when receiving the funds for the purpose of carrying out payment transactions, and which is accepted by a natural or legal person other than the electronic money issuer.

Electronic money institutions are those that can issue electronic money.