The application of pre-paid cash card for consumers

Nowadays, pre-paid cash card become common use in our life. Pre-paid cash card is similar as debit card. Before purchase goods or services, the users need to reload money to make payment. It is very convenience for users, more common know by people is touch n go.

The pre-paid cash cared application for consumers include:

1. Drivers can use touch n go to pay toll at all highways in Malaysia, and railways station. It helps users save time because it’s just need to scan and without queue up to purchase ticket. Some of the shopping center allow use touch n go to pay parking ticket.

2. Paying bill like Rent, utilities, insurance, car payment, and cell phone bills can be paid instantly.

3. Recently have numbers of retailer accept pre-paid cash card use to pay buys fuel at the pump, pay by phone, and shop on the Internet.

4. For some prepaid cash card they provide the service Transferring money to friends or family between cards.

5. Withdrawing cash from an ATM at any time.

6. Used as a replacement for travelers’ cash or travel cheques.


In HK, there is the application of a pre-paid cash card called the Octopus card.It is widely used in payment system for transportation, car parks, supermarkets, fast food restaurant and other pint of sale application. Mainly there are two types of Octopus cards, the on-loan card and the payment for airport transport and on-loan card have six categories offered by the company. They can add money to through Add Value Machines.


http://en.wikipedia.org/wiki/Octopus_card
http://www.hong-kong-travel.org/Octopus.asp