Mr Mboweni discusses e-money and its impact on the central bank’s operations  Address by Mr Tito Mboweni, Governor of the South African Reserve Bank, at the Sun Microsystems Conference 1999, held in Vodaworld, Midrand on 11 October 1999. * 1.
*  *  Introduction  Electronic commerce, or e-commerce, is the catch-all phrase for many advances in technology centered on the Internet and heralds fundamental changes for the world economy. The expansion of the Internet on a global basis, has made it an ideal means to conduct commerce.