Card payment service products that use a simpler form of KYC are limited to products providing restricted value, non-reloadable services which can be offered by the issuer (directly or via a third party) without verification of the cardholders identity. This may apply if the prepaid payment service has the following characteristics:

1. The prepaid payment service is not reloadable; and
2. The amount stored on the device does not exceed 400 SAR; and
3. The value is redeemable through a predefined merchant group (closed or restricted loop); and
4. The value on the prepaid account cannot be redeemed at ATMs or by transfer to a bank account.