02-08-2017, 01:03 PM
Credit or debit cards are called plastic cards. Plastic cards are one of the most popular forms of payment. Infact Plastic cards are an inevitable part of our life. They allow cardholder users to pay for goods and services easily and conveniently and provide an alternative to cash and checks. Such as credit card, debit card, ATM card etc, are used as an alternative to money, such as cash or check, and are made of plastic, also called plastic money.
The government realizes, however, that the only way to urge people to change is to make it easier and, more importantly, attractive. Therefore, they work to provide incentives to both the consumer and the trader, so that they voluntarily make the necessary change to "plastic money". The Confederation of All Merchants of India (CAIT) and the Department of the National Democratic Alliance have submitted memoranda that elaborate the incentives they wish to provide.