Methodology of plastic money
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Method of plastic money is quiet simple.
One has to use card instead of cash to pay for any kind of services, or goods right from the store, or order online.
The card that one uses will have a unique identification number consisting of 16 digits, and 3 special codes, which one has to enter to pay bills.
The moment one types in the 3 digit CVV code the payment is made unless one adds an extra layer of security that generates OTP number sent to one’s mobile number.
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11
Plastic money is nothing but the debit and credit cards we use in day to day life.
These cards can be used in plenty of ways.
1. To withdraw and deposit cash in ATMs and banks
2. To shop online
3. To transfer money online
4. Purchase goods in stores
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