Suresh Babu, K (2024) Transformational Impact of AI in Banking, Financial Service, and Insurance Sector. In: Transformational Impact of AI in Banking, Financial Service, and Insurance Sector.

[thumbnail of 5.5.3_B.Com (RM)_Dr. K. Suresh Babu.pdf] Text
5.5.3_B.Com (RM)_Dr. K. Suresh Babu.pdf - Published Version
Download (957kB)

Abstract

Money plays most important medium of exchange as a payment tool. Plastic Money is a term
that is used predominantly in reference to the hard Plastic Cards which is used every day in place of
actual bank notes. They can come in many different forms such as cash cards, credit cards, debit
cards, pre - paid cash cards and store cards. Plastic Money is one of the most evolved forms of
financial products. The term ‘Plastic Money’ is predominantly used in reference to the hard plastic
cards we use in place of cash. Initially barter system was used, over the years, money has changed its
form coins to paper cash and today it is available in formless form as electronic money or plastic card
(Ramasamy et. al, 2006). Nowadays the society has become cashless transactions. Being an smart
technology development various transactions are been take placed instead of money like phonepe,
Google pay, plastic money is considered as a great tool. It is an important and valuable mean of
transaction in the modern society. Plastic money ensures that very easy transactions to the people.
The study concluded that the usage of plastic money has been increased and accordingly safety
measures have to be provided by the banks.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Cash, Plastic Money, Transactions, Cards
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Dr. B Sivakumar
Date Deposited: 25 Mar 2026 05:30
Last Modified: 25 Mar 2026 05:30
URI: https://ir.psgcas.ac.in/id/eprint/2730

Actions (login required)

View Item
View Item