The application of pre-paid cash card for consumers

Have you ever use or try pre-paid cash card? Ooppss! Before that, do you know what pre-paid cash card is? Let me explain to you what is it all about. Pre-paid cash card is an electronic card which holds electronic monetary value that substitute for cash and coins for low-value payments. One can use the credits in the card to purchase goods and services from various merchants. This pre-paid cash card had enhanced our daily life where it makes our life become more convenient and we do not need to pay extra charges for it. The value is stored directly on this card.

Touch ’n Go

Touch ’n Go card is an example of pre-paid cash card in Malaysia. Initially, this card was used at all highways in Malaysia, such as PLUS, to pay toll. As time passes, the function of Touch ’n Go card has increased. It can be used on major public transports in Klang Valley, such as RapidKL and KTM Komuter, selected parking sites, and even now can be used to purchase goods and services in selected places.

Octopus

The Octopus card is a pre-paid cash card use in Hong Kong. Octopus card system has since grown into a widely used payment system for virtually all public transport in Hong Kong. It is also used for payment at convenience stores, supermarkets, fast-food restaurants, on-street parking meter, car parks, and other point-of-sales applications. Besides consumer transactions, Octopus cards can also be used for access control in buildings and for school administrative functions. At certain office buildings, residential buildings, and schools, usage of an Octopus card is required to access their facilities.

In conclusion, the usage of pre-paid cash card is getting popular and is going to be widely used in Malaysia. It is highly recommended to use pre-paid cash card because bringing lots of cash for shopping is very risky and dangerous. Besides that, by using pre-paid cash card can prevent people from going bankruptcy.