Electronic Money Institutions (EMIs) are revolutionizing the financial sector by offering efficient, digital-first alternatives to traditional banking. This art
The financial landscape is currently undergoing a remarkable transformation, and at the heart of this revolution are Electronic Money Institutions . EMIs are entities that issue and manage e-money, an electronic equivalent of physical cash that can be stored and transferred digitally.
Such a discrepancy carries significant implications for both the financial institutions and their clientele: For EMIs: The absence of lending services necessitates them to lean on alternative revenue streams, such as transaction fees, commissions, interest margins, or cross-selling strategies. For Traditional Banks: The provision of lending services entails handling more risks and costs associated with lending activities.
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