What Is E-purse?
An electronic purse is the store of value on a card, which can be used in a manner similar to cash to pay for travel or for other small-scale transactions. Electronic purse is the secure information stored in a dedicated area or file of a smart-card. The value is placed on the card in one of three ways: (i) Preloaded on to the card (in the same manner as telephone cards), without the possibility to add further value. The intention is that the card is discarded when the value is expired, (ii) Added to the card at the time the card is issued, or when the e-purse application is added to an existing card, and (iii) Additional value added to an existing e-purse or top-up
