For the first time in decades, a new payment form, the prepaid card, is making significant inroads into the UK payments infrastructure. Prepaid cards present our partners with a fresh new opportunity to serve existing customers, reach out to new market segments, and expand their brand recognition. Prepaid cards further the evolution of the card payment business from the pay later of credit and the pay now of debit, to the pay before of prepaid.Prepaid cards are easy for consumers to understand and use. The consumer determines the card spending limit by adding money directly to the account, and our cards can be re-loaded with additional money as needed via online, Post Office or PayPoint channels. Funds from a prepaid card can be accessed via ATM, PIN POS, and signature POS delivery channels. Prepaid offers tremendous flexibility, convenience, and spending control.
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. Touch ‘n Go uses contact less smartcard technology. The card looks similar to a credit card. 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 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. Touch ‘n Go uses contact less smartcard technology. The card looks similar to a credit card. 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.
Application of Prepaid Cash CardsThe prepaid cash card can be used in such several ways:-
1. Pay bill
2. Shopping
3. Get cash at ATMs
4. Transfer money
5. Pay for toll
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