How are scalpers obtaining and reselling NFC cards at high prices?

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Scalpers Procure NFC Cards Through Unofficial Channels for Resale at Inflated Prices

Scalpers are acquiring the new NFC-enabled Touch 'n Go cards and reselling them at significantly marked-up prices, with recent instances showing cards originally priced at RM10 being sold for over RM200. The primary method suggested for how scalpers are obtaining these cards involves exchanging expired Touch 'n Go cards at the company's offices for the new NFC versions. This practice appears to circumvent official sales channels, as the NFC cards are perpetually sold out through the official Touch 'n Go app.
NFC Cards Fetch Over RM200 Due to Scalping

The significant price inflation for the NFC-enabled Touch 'n Go cards is a direct result of scalpers exploiting the high demand and limited availability. While the official price for these cards is RM10, screenshots from platforms like Carousell and Shopee indicate that resellers are listing them for prices exceeding RM200. This creates a substantial barrier for genuine users seeking to purchase the cards for their intended use in seamless reloads via the TNG app.
Potential Loophole for Card Acquisition Identified

Information suggests that a possible avenue for scalpers to obtain the NFC cards is by leveraging an exchange program offered by Touch 'n Go. It is understood that individuals can exchange their expired Touch 'n Go cards for the new NFC-enabled versions at the company's offices, potentially for free. This method bypasses the standard purchasing process, which is currently unable to meet demand due to the cards being perpetually sold out.
Limited Availability Fuels Scalper Market

The persistent unavailability of NFC cards through official Touch 'n Go channels is a key factor enabling the scalping market. The TNG app consistently shows the cards as sold out, leaving consumers with limited options. This scarcity, coupled with the perceived convenience of the NFC card for easy reloads, drives desperate consumers to purchase from scalpers, thereby perpetuating the practice of inflated pricing.

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How are scalpers obtaining and reselling NFC cards at high prices?

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