The application of pre-paid cash card for consumers

The pre-paid cash card’s design is same as debit card and users can make cashless payment but only can spend the balance that has been topped-up. There are many countries implemented the pre-paid cash card, such as, Touch N GO in Malaysia, Octopus in Hong Kong and Ez Link in Singapore. Users are able to use the card anywhere as it is accepted. It is more safety instead of carrying too much cash.

Touch N Go in Malaysia is mainly used in highway tolls, public transportations and some selected car parking space. It uses contactless smart card technology and users can continuously use the card as long as it pre-loaded with electronic cash. Users can save time and need for being waiting in queue and prepare small change.

Octopus is widely used in Hong Kong and it was launched in year 1997. The card is an electronic fare card that used to transfer electronic payment in online or offline system in Hong Kong. The card is used for payment at convenience stores, supermarkets, restaurants, car park, public transportation and so on. Users still can travel n purchase stuff by the card instead of carrying cash on the hand.

The application of the pre-paid cash card is good to implement as it does not provide credit facility and prevent users run into debts. Touch N Go is in process of advancement as it expanding their application and services towards the retail purchase, such as, fast food store, Caltex convenience stores, Cinema and so on. Therefore, in our opinion, the application of Touch N Go will be more advance and provide more functions in order to simplify our daily life in future.