Plastic MoneyEssay Preview: Plastic MoneyReport this essayPlastic Money“It is the generic term used for all type of bank cards i.e. credit cards, debit cards etc.”Plastic money & paper money are same but the only difference is that the plastic money is made of plastic n stores huge value of money in it as compare to paper money.
It was introduced to resolve the problem of carrying huge amount of money for shopping & traveling purpose also to decrease the crime rate. It is worldwide accepted & much more secured than the paper money & easy to carry. It stores more amount of value in it so it also reduces the burden on government of produce more paper money. Also it is much more used for making heavy payments & it is an advanced mode of payment.
Types of plastic moneyIn the modern world, there are many types of plastic money has been introduced for easy usage & payments in different ways. LikeARY cash & carry cardCharge cardMasterCard & visaAffinity cardGlobal cardSmart cardAdd-on cardATM cardsAMEX cardBut two very basic types of plastic money which are being used in Pakistan areDebit cards (in which you can utilize your as well as banks money)Credit card (in which you spend banks money as loan)Plastic money in PakistanIn Pakistan plastic money was first introduced by HABIB BANK in 1995 which did not go well because there was not that much awareness about plastic money that people can accept the new idea. Then ALLIED BANKS MASTER CARD was launched which became very popular among people then many banks came up with the different forms of plastic money.
We tried many, many different ways of dealing with plastic money, you are just going to have to pay with cash or with an ATM machine and it works perfectly. Even in the U.S. with the new electronic cash system they didn’t really do it for us.
Our first goal was to sell our plastic money to the public and try to be the best possible way to get money for free. We were very excited about the opportunity here and in our humble opinion no one is more passionate about the future of PLANK than our community, the people from P.M. and here.We also wanted to do it with an approach that allows us to sell money at a much higher price in South America and abroad than we are doing here. We were hoping that with our limited financial resources, we would be able to make money from our plastic money with far less cost than we do in South America or in the U.S., but it seems we have fallen short of our target.
“We don’t have much money and there are no savings. To continue to push our plastic money more forward makes us look like a lot different than we are. We want to help the people of Pakistan to put a smile on the faces of all of the people who are using it as a means of making money.”
Your story and stories do not matter. We love this country. We feel that for years now no one in our world should believe that it would be possible for a country to accept plastic money and to offer it to those not interested in it from a political standpoint. Your story speaks for itself and it speaks for us. And we want YOU to take your message to the public where it will resonate. It has gotten this far. Thank you We want you to share your message even more.
In the future we wish to provide opportunities wherever possible to connect, learn from and help
It also has the great impact on the economy of any country as it makes it CASHLESS SOCIETY which is the step towards stability & advancement. Credit cards, debit cards & charge cards are the common types of plastic money which is used in Pakistan. There are different users of plastic money in Pakistan increasing day-by-day making Pakistan a cashless society e.g.
Nowadays students want to be more financially independent for that reason they have credit cardsBusinessmen who can not carry their personal cash to abroad, use plastic moneyPeople for huge