Which of the following are examples of Pre Paid Payment instruments PPI 1 Mobile wallets 2 Travel an...........

Economic Affairs Digital Economy

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Which of the following are examples of Pre-Paid Payment instruments (PPI)?

1. Mobile wallets

2. Travel and food vouchers

3. Internet account (like PayPal)

Choose the correct answer using the code below-

1 and 2 only

1 and 3 only

1 only

1, 2 and 3

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Explanation:

PPIs are instruments which come with a preloaded value and in even with pre-defined purpose of payment. PPIs facilitate financial services, inter-personal remittance transactions (like sending money to friend or a family member), purchase of goods and services (G&S), etc., against amount stored on such instruments.

Examples: any smart cards (or chip card), magnetic stripe cards (or swipe card), internet accounts (like PayPal), internet wallets, mobile accounts, mobile wallets, paper vouchers (like travel and food vouchers) and any instruments used to access prepaid amount.

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