AN ANALYSIS OF THE USE OF PLASTIC MONEY IN INDIA

Abstract

This abstract presents an analysis of the adoption and impact of plastic money in India, focusing on credit and debit cards as well as mobile wallets. Plastic money, which includes cards and digital payment methods, has seen a significant rise in usage across various sectors of the Indian economy. The study examines the drivers behind this trend, challenges faced, and the overall implications for consumers, businesses, and the economy. Key points from the analysis include: