What go to your mind when you first heard about pre-paid cash card? Prepaid card? Debit card? Or reload card? Actually, all these cards are the same in term of application and function, buy goods or services without cash, but a card which loaded with money. Now, you got the idea what I mean in your mind. Good examples in our country, Malaysia is Touch n Go, Commercial Bank issued debit card and phone reload card.
These card are pre-paid cash card, the different is their area of application. Touch n Go is normally used during payment for toll on highway and public transportation fares. Commercial Bank issued debit card used in purchasing goods and services online. Lastly, phone reload card only used for reload phone credit.
With the emerging of pre-paid cash card, it brings lot of benefit to users, people no longer afraid of snap by thieves. It directly decreases the number of crimes in country. In the view of businesses, it also reduce the cost of operation because no cash involve during operation, everything is transacted in electronic way.
It is still not common in Malaysia compare to Western countries. This is because of the people still not comfort with online transaction and cashless transaction. Another factor is the businesses and the technologies in country still not advanced and mature enough.
To encourage the usage of pre-paid cash, government should give some form of tax incentive to businesses or improve the online security.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment