The application of prepaid cash card for consumers.

Prepaid cash cards is a convenient and affordable solution for everyone now, it is just like the credit and debit card which gives consumers the ability to purchase products and services with no carry any cash with them. But there is some crucial different between them, consumers can only spend the balance before they have reloaded the card and it also known as pre-funded “stored-value” cards, which means prepaid cash card is not borrowing money from bank or other financial institution.

Generally, prepaid cash card gives an ideal on control and budget on spending and it do not need any requirements to register it. In contracts, using credit card will encounter a risk of getting into debt trap. Prepaid cash card is now steadily gaining in popularity because they eliminate the interest charges and it also giving a great alternative choice to solve the credit issue.

The Touch ’n Go (TNG) card is one of the common prepaid cash card that use in Malaysia on highway toll expressway, consumers no longer need to pay the toll fees by coin so it will speed up the queuing time. Furthermore, the Touch ’n Go even offer the Smart TAG card where the consumer’s vehicle can totally skip the queuing time by just install a device with plug in the Touch ’n Go card. Beside that, it have wider usage such as payment in petrol station, public transports, selected parking and theme park.

SmartRider, it can be use in Australia for the payment of transportation.

Octopus card, it can be use in Hong Kong for payment at supermarket, public transport, car park fees and etc.

EasyCard, it can be use in Taiwan for the payment of subway and boat ticket.