The Application of Pre-Paid Cash Card for Consumers

What is cash card? It is a type of scratch card, which allows postpaid customers to make payment or purchases through the network. Prepaid values are stored on cash cards form which purchases are deducted. These cards can only be redeemed at terminals set up to accept cash cards.

By using prepaid cash card, customers do not have to wait for the bill statement. Cash card allows customers to avoid disconnection by making advance payment form anywhere, anytime. It is very convenient for customers because they can avoid waiting in a long queue in the bank. Customers in the remote area, where banking facilities is unavailable, can get uninterrupted service.

Examples of prepaid cash card in Malaysia

Touch ‘n Go enhances the speed of paying for low value but high frequency transactions. Apart from the speed, it is also very convenient because user no longer need to prepare for small change or wait in queue at the cash lane to complete the transaction.
Touch 'n Go card is not only for toll fare but also parking services, theme park, and common ticketing system (CTS) for rail transit systems.
Besides, we can also use Touch ‘n Go card in
- Fast foods restaurants:

- Convenience stores:

- Cinemas: Cathay Cineleisure

Examples of prepaid cash card in Hong Kong

The Octopus card is a rechargeable contactless stored value smart card used to transfer electronic payments in online or offline systems in Hong Kong. The Octopus card was introduced for fare payment on the MTR initially, but the use of the card quickly expanded for multiple other purposes. The card can now be used to pay fares for all public transport in Hong Kong and to make purchases for consumer products at many stores in the city; it is accepted by more than 1,000 merchants.

Notable businesses that accept Octopus cards include PARKnSHOP, Wellcome, Watsons, 7-Eleven, Starbucks, McDonald's, and Circle K.

The card can be used in many soft drink vending machines, pay phones, photo booths, parking meters, and car parks. Aside from consumer transactions, Octopus cards can also be used for access control in buildings and for school administrative functions. At certain office buildings, residential buildings, and schools, usage of an Octopus card is required to access their facilities. As of 21 November 2004, all parking meters in Hong Kong had been converted to using the Octopus card as the form of payment.