Question

Importance of plastic money for the economy?

Answer 1

Some advantages of plastic money are minimizing the use of paper and saving trees, account tracking, reduction in currency printing costs, anytime-anywhere banking. It allows the customers to pay in exchange for goods and services without carrying cash. Plastic money means use of technology to carry out digital transactions that can be carried out easily without facing the hassles of visiting the banks every time. Plastic money is very secure, because if an individual loses his card, he can get it blocked immediately.