Glossary

E

E commerce

The process of buying and selling goods and services over the internet.

e wallet

A mobile application that allows users to store and use their digital payment methods such...

Electronic Check

An eCheck (or electronic check) is a form of electronic funds transfer. Echecks are the...

Electronic funds transfer

The transfer of funds from one bank account to an additional through an electronic system.

Electronic Identity Verification

eIDV (Electronic Identity Verification) uses both public and private databases in order to identify whether...

Electronic Money

E-money is a record of monetary value stored in a computer system. This record is...

Embedded Finance

Seamless integration of financial services into a mobile application is known as Embedded Finance.

Embedded Lending

Embedded Credit or Embedded Lending is defined as non-financial entities providing financial credit to end-users...

Encryption

The process of encrypting sensitive information to protect it from unauthorized access.

End to End Platform

A software platform that covers every step of a process.

Enterprise Resource Planning

An integrated software system that manages business processes, including financial, production, and human resource management.

Environmental, Social and Governance

Environmental, Social and Governance (ESG) is defined as the criteria for measuring the sustainability and...

Equity crowdfunding

Equity crowdfunding is a form of Alternative Finance that is defined as investments made by...

ERC 20

Used on the Ethereum network, ERC-20 is the most vastly employed crypto-token standard. It allows...

ERC 721

This is the Ethereum network’s standard for non-fungible tokens—NFTs. It allows for creation of unique,...

Escrow

A third-party service that holds funds or assets during a transaction, until the conditions of...

Ethereum

A decentralised blockchain network developed to function as a sort of operating system where you...

Ethereum Virtual Machine

The Ethereum Virtual Machine, or EVM, is essentially a global blockchain-based computer. It offers a...

EuroPay Mastercard and Visa

EuroPay Mastercard and Visa (EMV) is defined as the security features employed in their credit,...

Exchange

An online platform where users can buy and sell cryptocurrencies or other digital currencies.