Observation (statistical data) and analysis on plastic money in India
Answers
With the ban of currency, people are slowly learning the need of digitalization in India.
Plastic money means the way of money transaction will be with the help of your respective cards; credit or debit card.
Now the question arises if people would be able to adopt the system or fail in taking it.
Chances are 40:60.
Accessing the card systems needs a definite knowledge about net banking, card systems and proper banking detail.
Think of the people living in remote villages.
Many of them do not have a bank account and adequate education.
It is quite difficult for them to adopt the two systems overnight; rather impossible.
It would be fine if the government takes some responsibilities to educate them first and then apply the method.
On the other hand, in proper cities, due to the increased population, the need is getting increased.
Many people are accessing the same thing at the same time which is leading to server decay or lack of sincerity.