(4) Semi-closed wallets can beused for purchase of goods andservices, including financialservices at a group of clearlyidentified merchant locations/establishments. These PPIs(Pre-paid Payment Instruments)can be used for thirdparty purchase settlementsand the specific contract betweenthe issuer and the merchantis needed for the use ofthese PPIs. Still, the semiclosedsystem payment instrumentscannot be used for cashwithdrawal or redemption bythe holder.