Question

Aims and objectives of plastic money

Answer 1

Plastic money or polymer money, made out of plastic, is a new and easier way of paying for goods and services. Plastic money was introduced in the 1950s and is now an essential form of ready money which reduces the risk of handlings a huge amount of cash. It includes Debit cards, ATMs, smart cards, etc.  Credit cards, variants of plastic money, are used as substitutes for currency.