Digital money is the form of money that exists in electronic form. This is physical money that uses technology platforms for payment or accounts.
An example of this is smart phone payment systems (such as Apple Pay), Credit Cards (PayPal), certain online bank accounts.
Digital money shouldn’t be confused with Digital Currency.
Digital currency or Cryptocurrency, which is a form of money that *only* exists in digital / electronic format. There is no physical manifestation of digital currencies or cryptocurrencies.