The application of prepaid cash card for consumers

A Cash Card enables the holder to make purchases and have them deducted from the card's available balance. Prepaid cash cards are considered the most secure and safe financial transaction card. A cash card may be branded with a major credit card issuer's logo, such as American Express, VISA, or MasterCard, which enables the holder to make purchases wherever those cards are accepted. Cash cards may be convenient for the card holder, the real benefit belongs to the card issuer. It is because the cards are pre-paid, the issuer gets immediate use of all the money that was used to fund the card, even if the cardholder takes months to spend it all.


Touch n Go is one of the prepaid cash card as the sole electronic payment system (EPS). It is can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and theme park. The Touch n Go systems are designed to process up to 800 vehicles per hour so that the user no longer need to prepare for small change or wait in queue at the cash lane to complete the transaction. By using this card it is much more convenient for the user.

The Octopus card which was used in Hong Kong is much more similar to Touch n Go card. However the Touch n Go card can only be used in certain areas, compare to Octopus card it can be used in restaurants, convenience stores such as 7-11, Circle K, supermarkets, fast food outlets and even public telephone booths. Most of the Hongkies are using this card because its user friendly.

Usage of prepaid cash card in other countries it's quite popular for example Singaporeans are using EZ-Link cards and as in India they are using Itzcash cards. Due to convenience, the people may not need to carry a lot of cash when they hang out because it’s quite bulky and it may not attract thieves. No interest should be paid by using prepaid cash card compare to credit cards. It can also control the overspending of consumers because it is a top up card. Unlike credit cards, a particular person can owns unlimited cards. How are they going to settle the credit cards bills?

References :

http://www.touchngo.com.my/

http://www.octopuscards.com/consumer/en/index.jsp

http://www.ezlink.com.sg/