Question
Which of the following can be a Pre-Paid Instrument
(PPI)? i. Smart Card ii. Mobile Wallet iii.Internet accountsSolution
Prepaid payment instruments are methods that facilitate purchase of goods and services against the value stored on such instruments. The prepaid instruments can be issued as smart cards, magnetic stripe cards, internet accounts, online wallets, mobile accounts, mobile wallets, paper vouchers and any such instruments used to access the prepaid amount.
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