An example of prepaid cash card in our country, Malaysia...
Touch 'n Go card is an electronic purse that can be used at all highways in Malaysia, selected parking sites and theme park. The credit card size smartcard made of plastic with microchip technology embedded in it. User can continue using the card as long as
it still having balance. Moreover, user can reload the card at toll plazas, train stations, Automated Teller Machines, Cash Deposit Machines, Petrol kiosks and at authorised third party outlets (e.g. 7-11 outlet). Other than that, Touch 'n Go has extended its uses in e-tailing which is the selling of retail goods on the Internet. There are some outlets having privileges for customer who pay by using Touch 'n Go. It is a portable card and very convenient for users because users no longer need to prepare for small change or wait in queue at the cash lane to complete the transaction. The picture below shows the lane designed for Touch 'n Go user at every Plaza Tol in Malaysia.
Now, I'm going to introduce an example of pre-paid cash card of Hong Kong, which is Octopus Card .Hong Kong is estimated to have the highest percentage of trips made by public transit in the industrialized world (around 90%). Not only is their system easy to use, but it’s multifaceted: trains, boats, buses, subway, cable cars, and trolleys.
Hong Kongers use the card called the Octopus, which stores prepaid credit and dishes it out through a radio signal when swiped by a plate mounted to the cash box on buses or trolleys, or turnstiles in the subway stations. It works so well, you don’t even have to take the card out of your wallet or bag. Better yet, the card is good for more than just transit. It works at convenience stores, certain restaurants, and even vending machines.
Lastly, i would like to introduce a prepaid cash card used in Singapore, which is EZ Link card. The card is commonly used in Singapore as a smartcard for paying transportation fees in the 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 and etc. The system has since been expanded, with EZ-Link cards being used for payments in Singapore branches of Mc Donald's. Some schools in Singapore have also started to adopt the EZ-Link card as a way to mark the attendance of students and to pay for food served within the school campus.
As many advantages stated above, are you ready to apply a PREPAID CASH CARD now ??
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2 comments:
Hey, nice blog. Touch N Go card is quite common in Malaysia. But I still prefer to use debit card. Actually what is the difference between debit card and prepaid cash card?Thanks.
Thx KK for the support !
Debit cards are similar to credit cards, except debit cards pull money out of your checking or brokerage account. Debit cards do not create or increase a loan like credit cards do.You can use debit cards very much like a plain old credit card. Many retailers will allow you to use a debit card at checkout just like a credit card. You just swipe it and you're done. However, sometimes you have to let the retailer know you're using a debit card.
For the prepaid cash card, it features are shown as above. Hopes my answer do help u out ^^
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