The Aplication of Prepaid Cash Card for Consumers

What Is Prepaid Cash Card?

Prepaid cash cards is a plastic card which provides an alternative payment method to cash when making purchases. Its functionality is more similar to writing a cheque as the funds are withdrawn directly from either the bank account, or from the remaining balance on the card.

Prepaid cash card like a portable access point to your checking account. Automated teller machines are everywhere now, and you can use prepaid cash cards at automated teller machines to withdrawal fund from your checking account in cash, deposit funds into your checking account, and you don't need to have a personal computer handy to check your balance.

If you tend to overspend or wold like to control your spending then prepaid cash cards could be a good card for you.

Consumer Benefits

• This payment option quickly and securely moves "Checking Account Like" funds without the hassles or risks involved with paper checks.
• Prepaid cash card act virtually the same as cash.
• Consumers who make prepaid cash card purchases are free of interest charges associated with credit cards.
• Consumers can conveniently and inexpensively transfer funds to friends and relatives anywhere. For example, you can buy two cards, and then send one to your mother in a different country. Every time you want t send her money, you can do card-to-card transfer or load up her card.
• Un-banked consumers can pay bills and purchases products and services on-line or through phone calls using the card.

Example of Prepaid Cash Card

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.

Touch 'n go uses contactless smartcard technology. The card look like 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, Automates Teller Machines, Cash Deposit Machines, Petrol koisks and at ranging from RM 20 to RM 500.

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.


Nowadays, you can use Touch 'n Go to purchases fast foods from 21 outlets in the Klang Valley. The outlets are from A&W, Burger King, Dunkin' Donut, &-Eleven, Carrefour hypermarkers, Caltex conveniences stores and Cineleisure.

Maybank Visa Debit Card

Maybank, in partnership with Visa International today launched the Maybankard Visa Debit Card, Maybank's first dual purpose Bankcard which offer domestic and international access to the cardholder's bank account.

Maybank Visa Debit card is a fast and easy way to pay, and it eliminates the need to carry cheques and reduces the risk of carrying cash. You can also pay bills, transfer money or make purchases wherever VISA is accepted.

You can set your own purchase limit up to the Bank Purchases Limit which currently stand at RM 5000. Maybankard Visa Debit allow you to keep track of your expenses with online statement where you will see information such as merchant location, transaction amount and date.

You also can earn TraetsPoint whenever you pay with your Maybankard Visa Debit. Redeem an array of exciting gifts or shopping,dinning or petrol vouchers with your accumulated TreatsPoints.

No more annual fees, monthly interest rates or late charges to worry about with the Maybankard Visa Debit.