Nowadays, there are many types of payment methods that available in the market. Prepaid cash card is one of the most convenient tools to make a payment. The concept of prepaid cash card is which customer need put money in the card’s account advance. Customer only can use prepaid cash card to make a purchase depend of amount of money inside the card.
Advantages using prepaid cash card:
Financial Limits
The financial limits on the card are established and controlled by the cardholder. This can help limit any temptation to overspend or no debts.
Convenience
You won’t need to carry a lot of cash with you every time you go out.
Fraud Protection
pre-paid cash cards generally offer consumers the same fraud protections as credit cards if the cardholder reports the fraud quickly.
The example of prepaid cash card:
Malaysia
Touch n go
Touch ‘n Go card is one of the example pre-paid cash card in Malaysia. Touch ‘n go is an electronic purse that can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and theme park.
User can continue using the card as long as it is pre-loaded with electronic cash. User can reload the card at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosks and at authorized third party outlets.
The advantages using Touch ‘n Go is enhances the speed of paying for low value but high frequency transactions. Besides that, users no longer need to prepare for small change or wait in queue at the cash lane to complete the transaction.
Smart TAG
SmartTag a vehicle on-board unit that works in combination with Touch 'n Go card that allow a consumers to pay toll by drive-through without stopping their cars.
Singapore
Ez-link card
Advantages using prepaid cash card:
Financial Limits
The financial limits on the card are established and controlled by the cardholder. This can help limit any temptation to overspend or no debts.
Convenience
You won’t need to carry a lot of cash with you every time you go out.
Fraud Protection
pre-paid cash cards generally offer consumers the same fraud protections as credit cards if the cardholder reports the fraud quickly.
The example of prepaid cash card:
Malaysia
Touch n go
Touch ‘n Go card is one of the example pre-paid cash card in Malaysia. Touch ‘n go is an electronic purse that can be used at all highways in Malaysia, major public transports in Klang Valley, selected parking sites and theme park.
User can continue using the card as long as it is pre-loaded with electronic cash. User can reload the card at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosks and at authorized third party outlets.
The advantages using Touch ‘n Go is enhances the speed of paying for low value but high frequency transactions. Besides that, users no longer need to prepare for small change or wait in queue at the cash lane to complete the transaction.
Smart TAG
SmartTag a vehicle on-board unit that works in combination with Touch 'n Go card that allow a consumers to pay toll by drive-through without stopping their cars.
Singapore
Ez-link card
Ez-link card can be use in many ways. Such as 7-11, government service, private bus service, shopping and etc. The benefit by using the card is that it ensures secure, fast and reliable transmission of data.Hong Kong
Octopus card 
Octopus card is an electronic payment system that widely used in Hong Kong. Octopus is used for purchases on public transport, convenience stores, fast food shops, supermarket, and even for office used and residential premises access control. Octopus card has been awarded as Chairman's Award of the World Information Technology and Services Alliance's 2006 Global IT Excellence Award.
References:
1. http://www.touchngo.com.my/
Octopus card is an electronic payment system that widely used in Hong Kong. Octopus is used for purchases on public transport, convenience stores, fast food shops, supermarket, and even for office used and residential premises access control. Octopus card has been awarded as Chairman's Award of the World Information Technology and Services Alliance's 2006 Global IT Excellence Award.
References:
1. http://www.touchngo.com.my/
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