Plastic Money refers to payment cards such as debit cards, credit cards, and prepaid cards used instead of cash for transactions.
Plastic Money is a convenient and widely accepted form of cashless payment. It allows users to make purchases online or offline without carrying physical cash.
These cards are issued by banks and financial institutions and are regulated in India by the Reserve Bank of India.
"Using a debit card to pay for groceries at a store instead of cash is using plastic money."