The growth of plastic

money in the economy

and its impact on the

speed in economic

activity

Priyan

ka

Plastic money is a term that is used

predominantly in reference to the hard

plastic cards we use everyday in place of

actual bank notes.

Types of plastic money

Cash cards Debit cards Credit cardsPrepaid cash

cards

Cash cards

• Allows you to withdraw money directly from your bank via ATM.

• But it will not allow the holder to purchase anything directly with it.

Credit cards

• It permits the card holder to withdraw cash from an ATM and allows the user to purchase goods and services directly.

• But, unlike a cash card the money is basically a high interest loan to the card holder.

Debit cards

• This type of card will directly debit money from your bank account and can be used to purchase goods and services.

• If an overdraft facility is available then the limit will be to the extent of the overdraft.

Prepaid cash cards

• As the name suggest, the user will add credit to the card themselves and will not exceed that amount.

The state of a country or region in

terms of the production and

consumption of goods and services

and the supply of money .

Careful management of available

resources.

Economy types

Mixed economy

Traditional economy

Command economy

Market economy

Rising card payment drive economic growth

The macroeconomic impact of card usage

Impact of electronic payment on

economy

Thank you