5. Consider the following statements with respect to Prepaid payment Instruments.
- Prepaid payment instrumentsare methods that facilitate purchase of goods and services against the value stored on such instruments.
- The value stored on such instruments represents the value paid for by the holder, by cash, by debit to a bank account, or by credit card.
- 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.
Choose the incorrect statement.