The application of pre-paid cash card for consumers

A pre-paid cash card is a card that requires the consumer to top-up the card before using it. It means that you need to put some money into the card. Not really squeeze the money into the card. First, you need to go to the counter that provide top-up services and then the employee will help you to update the balance of the card, after that you can use it to buy thing.

Nowadays, pre-paid cash card is very common in our life. It is very convenient, safe, and portable. The consumer do not need to carry a lot of cash to buy thing, they just need to bring their pre-paid cash card only.

There are many application of pre-paid cash card:
1) Buy thing- Consumer can use pre-paid cash card in shopping centre and restaurant.
2) Pay bill- Electricity, water telephone bill and etc.
3) Toll fee- Pay toll fee in high way.

In Malaysia, we can only use pre-paid cash card to pay toll fee. That is Touch 'n Go.
Touch 'n Go is an electronic purse that used in toll expressway and highway operators as the sole payment system. Touch 'n Go uses contactless technology. The card is similar with credit card. User can continuously using the card as long as it is top-up before using it. It is very popular and convenient in Malaysia. It will help driver to save time when they paying toll fee. Besides that, user can use Touch 'n Go card to pay the bus fare.
The Octopus card is a stored value smart card that used to transfer electronic payments in online or offline systems in Hong Kong. It is used to collect fares for the territory's mass transit system. The Octopus card system was the first contactless smart card system around the world. The Octopus car is also used for payment at supermarkets, fast-food restaurants, car parks, and others.
The EZ-Link card is used for the payment of public transportation fares in Singapore. The card is commonly used for paying transportation fees in Mass Rapid Transit (MRT), Light Rail Transit (LRT) and public bus services. The card also serves as a supplementary identification and concession card for students in nationally recognised educational institutes.
The demand for pre-paid cash card is increasingly important and it has been implemented in the countries around the world. Hope that there will be strong improvement in the use of pre-paid cash card in Malaysia.