Reference to plastic money project
Answers
'Plastic money' the very word tells that it is used in reference to hard plastic cards that one uses everyday in place of real bank notes.
Can come in different forms for example credit cards, debit cards, pre-paid cash cards and store cards.
Through banking has evolved a long way from medieval money lenders counting coins on bench to present scenario where it's hard to trace trail of money from beginning to end.
Trail starts right from small saver leaving a few rupees in local bank to billions of rupee loans increased by syndicate banks and financial institutions which are capable of financing projects in any country.
These banking majors are largely dependent on their retail home base of savers and borrowers i.e.
stamps, benefits and payroll though debit cards i.e. VISA, Master and Maestro cards are available it remains assured for increasing.