Question

What is the scope of plastic money?

Answer 1

• Eliminates the need for carrying huge cash
• Risk of Loss or Theft minimized
• Anytime/Anywhere Access
• Credit Facility: In case of credit card you have the option of buying on credit or paying later. Although the charges are high, it helps you in case of emergencies and contingencies.
• Online Payments

Answer 2

Plastic Money is an essential form of money which reduces the risk of handling huge amount of cash. It includes Debit Cards, ATMs, Smart Cards etc.. Plastic Money offers free use of fund and provides a convenient payment method for purchases made on the internet and over phone.

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