A STUDY ON AN EVOLUTION OF BUSINESS DEALS USING PLASTIC MONEY IN TAMIL NADU

Due to the technological revolution in financial sector, the transactions in banking system have undergone a tremendous change. Customers have showed their preferences over the usage of the plastic money generally over a period of time. Plastic money is an alternative to the cash or the standard „money‟. Plastic money refers to the credit cards or the debit cards that is used to make purchases. The factors for adoption of plastic money in replacement of cash and paper money have been identified which shows the preferences of the customers for plastic cards over the cash and paper money. Some future plans made by various banks and institutions for avoiding the frauds arisen due to the credit and debit cards are also been discussed in a way that it depicts the picture of its future growth and prospects in Kerala