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It’s a fast-growing niche; in 2007, $2.1 billion was placed on reloadable prepaid cards, according to Mercator Advisory Group, a market research company that specializes in the payment industry. By 2011, predicts that number will jump to $14 billion. A cash card is a pre-paid debit card that enables the holders to make purchases and have them deducted from the card's available balance. (Defination from Creditor Web). While, others definition of pre-paid card is a payment card such as MasterCard, Maestro, Visa Electron and Amex, pre loaded with your own money, which you can then use wherever the payment card is accepted, including in the internet and on board. (http://www.prepaid101.com/WhatIsPrepaidCard.aspx)

Prepaid cash card can help to manage your money safer, easier, and cheaper. Prepaid Visa and Prepaid MasterCard work like a checking account where individuals and businesses deposit money and withdraw funds from a protected account. The money is safe in the prepaid card accounts instead of carrying it around in cash. It's very convenient to sign up for a prepaid cash card. (http://globalcrdsolutions.com/)

The usages of prepaid cash card are wide. It can be used in many ways as follow: Prepaid cash card can be used to make purchases. For example when u go shopping, u do not need to carry a lot of cash around. Besides, it is more secure to use prepaid cash card rather than carrying cash around and it enables the person to start spending according to a budget as well. Apart from that, prepaid cash card can also be used to withdraw cash from ATM without worry about overdrafts because you can only spend what is in your account. Some prepaid card programs provide monthly statements. You may be able to check your card balance by phone or online. Keep track of the amount on your card so you won’t mistakenly try to spend or withdraw more money than is available and pay unnecessary fees.
(http://www.creditcardflyers.com/credit-education/prepaid-cards.php)

One alternative to cash is a prepaid card, which works and looks like a debit card. You can use prepaid cards to:

• Make purchases in stores, online, by phone, and through mail order
• Pay bills
• Send and transfer money to friends and family
• Get cash from automatic teller machines (ATMs) or banks

Touch ‘n Go (TnG) smart card is used by Malaysian for electronic payment system to toll expressway and highway. It is expanding its business to retail purchase by starting with fast food industry that enables consumers to buy dough nut, burger or fast-food from 21 outlets such as Burger King, 7-Eleven, Dunkin’ Donut. It is imitating the success of Hong Kong’s Octopus Card by setting 5 to 10% of the card holders for retail purchase as current target of the company.



The top five reasons why people choose to use prepaid debit cards (the results are based on a survey they conducted). Here they are:

1. To pay bills
2. They wanted a Visa card
3. They wanted direct deposit
4. To avoid carrying cash
5. To shop online

Of course, prepaid cash cards do have its downside, every time when you use it, you’ll be spending your money. That is, my friend, offers fair warning that even with some many positive attributes, a cash card is no substitute for common sense.