The application of pre-paid cash card for consumers.

The concept of prepaid cash card is similar with credit card or debit card. It gives users the ability to buy goods and services without paying by cash. Users can only spend the balance that has been preloaded onto the card. At last, users will not run into debt like over used the credit card.

The most common prepaid cash card in Malaysia is Touch ‘n Go. Touch ‘n Go card 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. (Click here to know more places that can use the Touch ‘n Go.) The technology used by the Touch ‘n Go card is called Mifare contactless technology. The electronic card reader will reduce the balance stored inside the card when the card approaches to the card reader. (Click here for more information about Mifare technology.) The balance of the Touch ‘n Go can be reload at toll plazas, train stations, Automated Teller Machines(ATM), Cash Deposit Machines, Petrol kiosks and at authorized third party outlets. (Click here to search for the places to purchase and reload Touch ’n Go.)

The benefits of using Touch ‘n Go are increasing the speed of paying, eliminating debt risk with no chance to spend too much as the balance is limited to reloaded amount and the card can be used and top up in most of the places in Malaysia.

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