Which of the following statement/s is/are correct regarding prepaid payment instruments?
1. Prepaid payment instruments are methods that facilitate purchase of goods and services against the value stored in such instruments.
2. The value stored in such instruments represents the value paid by the holder either by cash or by credit to a bank account or by credit card.
3. The prepaid instruments can be issued as smart cards, magnetic stripe cards, Internet accounts, online wallets, paper vouchers, and any such instruments used to access the prepaid account.
4. Interest paid on the prepaid instruments is similar to that paid on a savings bank account.