The application of pre-paid cash card for consumers

Prepaid cash card is similar to debit cards. Both debit cards and prepaid cash cards draw funds from customer’s bank account, usually a checking account. Besides that, the main advantage for prepaid cash card is no debt risk, that means with a prepaid cash card there is no chance of spending too much as you are limited to the amount you put on your card.

In Malaysia the most famous prepaid cash card is Touch-n-Go card. This card used mainly for transportation and all toll collection, but now is expanding their applications and services towards the retail purchase, starting with particular the fast-food industry. Besides that, the user can buy such items such as burger, doughnut or fast-food from 21 outlets in the Klang Valley under a pilot scheme for the Touch ‘n Go card which is currently a toll, public transport and parking paying device. Moreover, the outlets which are from A&W, Burger King, Dunkin’ Donut, 7-Eleven, Carrefour hypermarkets, Caltex convenience stores and Cineleisure. In this development, it is bring a lot of convenience for users who are pay for transportation and all toll collection as well as the fast-food by using the Touch-n-Go card.


In Hong Kong, this country also provides a lot of prepaid cash card, and one of the most common cards is the Octopus card. The Octopus Card is something that will almost certainly become a part of your everyday life if you are spending any time in Hong Kong. It is a credit card sized rechargeable payment card used for a variety of things but is primarily used for public transport such as Star Ferry, Buses, some minibuses, convenience stores such as 7-11, supermarkets, fast food outlets, or public telephone booths. The users just need to bring the Octopus card and no need to carry coins when making the payment. Since, there are now over 10 million Octopus Cards in circulation, which exceeds Hong Kong's population of 7 million! These can show that, the users are supported the Octopus card because it is useful in their life.

In foreign country like Singapore, they have developed the performance of pre-paid cash card since a few years ago. The pre-paid cash card in Singapore like POSB MasterCard Debit. POSB MasterCard Debit card is the all-in-one payment card for everything you want out of like such as the users can use this card for shopping with friends, treating friends to dinner or enjoying a holiday overseas. In addition, the users also can enjoy instant access to their money anytime and anywhere.

In conclusion, the application of pre-paid cash card is become popular nowadays; it is because of convenient and easy to bring the money instead of using the pre-paid cash card. In addition, the pre-paid cash card is a no debt risk, and it also will help you to prevent what your expenses is greater than the income.