What is Pre-paid Cash Card?
It is a card that has monetary value preloaded which is a limit that a consumer can use so one can have budget over his spending by loading reasonable amount of money onto the card. The value in the card will reduce each time the consumer uses it and the consumer can reload the card anytime.
Examples of pre-paid cash card
Touch 'n Go is a prepaid cash card in Malaysia. It can be used to pay toll fares at highways, for major public transports, selected parking sites, and so on. Consumer can reload the card at ATM, train stations, toll plazas, etc with the range from RM20 to RM500. Touch 'n Go makes it convenient and efficient for consumers to pay for low value but high frequency transactions. Touch 'n Go can also be used in selected retail outlets like Burger King, Dunkin Donuts, 7-Eleven, Carefour, etc.
Octopus card is prepaid cash card used in Hong Kong. It is primarily used to pay public transport fares for convenience. The application of Octopus card is extended for purchases in retail outlets. Consumers can also access to buildings and schools and identify themselves by using this card. It has made their daily life easier.
Benefits of pre-paid cash card
- Convenient
- Efficient
- Safer than cash
- Avoid from bringing small change
- Prevent from long queue
Wikipedia links for:
- Touch 'n Go
- Octopus Card
It is a card that has monetary value preloaded which is a limit that a consumer can use so one can have budget over his spending by loading reasonable amount of money onto the card. The value in the card will reduce each time the consumer uses it and the consumer can reload the card anytime.
Examples of pre-paid cash card
Touch 'n Go is a prepaid cash card in Malaysia. It can be used to pay toll fares at highways, for major public transports, selected parking sites, and so on. Consumer can reload the card at ATM, train stations, toll plazas, etc with the range from RM20 to RM500. Touch 'n Go makes it convenient and efficient for consumers to pay for low value but high frequency transactions. Touch 'n Go can also be used in selected retail outlets like Burger King, Dunkin Donuts, 7-Eleven, Carefour, etc.
Octopus card is prepaid cash card used in Hong Kong. It is primarily used to pay public transport fares for convenience. The application of Octopus card is extended for purchases in retail outlets. Consumers can also access to buildings and schools and identify themselves by using this card. It has made their daily life easier.Benefits of pre-paid cash card
- Convenient
- Efficient
- Safer than cash
- Avoid from bringing small change
- Prevent from long queue
Wikipedia links for:
- Touch 'n Go
- Octopus Card
3 comments:
how if the consumer loss their touch and go card? what's the next thing we should do if card is being stolen?
when u loss something then u will replace it, right? when something have been stolen u also will replace it, right? of course, apart from that we also will have some procedures to follow up if want to replace the touch n go card, but actually it won't really be a big problem to u.
Hello Sir,
good information in your blog.
my comment is Internet commerce related.
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