Explain the significance of plastic and digital money platforms.
Answers
Answer:
Yes, money’s form has changed from notes to plastic to digital and what not, but its role is irreplaceable. The convenience of less cash has been well utilised by technology and today, that is what is driving us to adopt digital payments.
As much as we leapfrogged the telecom revolution by taking on to mobile phones like fish to water, we Indians have it in us to move from physical cash to digital cash. In fact, knowingly or not, a lot of the way we transact is now electronic or digital.
dígítαl pαчmєnts hαvє єmєrgєd αs αn ímpσrtαnt tσσl fσr αdvαncíng fínαncíαl ínclusíσn вєcαusє ít lσwєrs thє cσst σf prσvídíng fínαncíαl sєrvícєs tσ pσσr pєσplє αnd íncrєαsєs thє sαfєtч αnd cσnvєníєncє σf usíng sαvíngs, pαчmєnts, αnd ínsurαncє prσducts.