The EMA was founded in October 2001 by a group of electronic money issuers.
The EMA is the trade body representing electronic money issuers and payment institutions. It brings together payments companies, the telecommunications and transport sectors as well as specialist e-money issuers to address issues of common interest and to act in the interest of the industry as a whole. The EMA represents industry with regulators, government bodies as well as international organisations. It responds to regulatory proposals, drafts industry guidelines and acts as a forum for communication and education.
The EMA is a committee with sub-committees formed to address areas of special concern including: