Plastic money is considered as various kinds of cards such as credit cards, debit cards, prepaid cards, and many more. But we will emphasize more on credit cards because of the huge market size. In this 7 days job guarantee certification webinar course we will understand in detail about credit cards, some case studies, and policies.
India is a country with a population of over 1.39 Billion people withholding the place of 3rd largest global place for startups. With over 77,000 DPIIT-recognized startups & 106 unicorn companies across 656 districts looks like there are lots of opportunities in India. These 106 unicorns alone hold a total value estimated at $343 billion.
This amount requires proper skills and knowledge which India is definitely lacking behind. Youth is the strongest base of any country where India’s youth is 27.2% of the overall population & India’s literacy rate is about 73.37%. With this literary rate but Indian unemployment rate increased to 7.8 percent from 6.4 percent.
Bill Gates once said,” if you are born poor it's not your fault, but if you die poor, it's your mistake.”
Due to this reason, we have introduced a new course. who want to do something extraordinary in their life, learn skills, and don’t want to be a part of 7.8%. We understand that financial knowledge is important that’s why introducing the course.
Money is a very important part of our life and without money, we can lead into much trouble. This was also happened by Frank McNamara in a restaurant. He forgot his wallet at home, his wife saved his respect else he might be washing dishes. It was always said - hard times lead us to understand the facts which help us. That was the day when a credit card was thought of and slowly introduced to every person via banks. From that until now there were about 62 million credit cards available in India and 7.753 billion worldwide.
With the change in the market, various types of credit cards are available and their different policies. We will understand in detail about Plastic money and financial tactics in this course.
Although it may appear weird, plastic money is a legitimate phrase in finance. Here's what you need to know about it.
Summary of plastic money: in terms of finance it referred to the different types of funds transferred from one bank to another bank which let us understand the idea of plastic money.
Money is an essential aspect of our life. But how did the need for money arises? You may recall studying about a barter system in which commodities were exchanged for products, which was followed by an era in which gold and silver coins were introduced. We began to utilize paper notes and coins for economic transactions as humankind advanced. We also employed technology to pay for goods over time.
Technology enabled the usage of plastic money. Plastic money refers to your debit or credit card, but it can also relate to wire transfers from one bank to another. Let's take a broader look at what plastic money is.
Cards are increasingly being used instead of cash. These cards are referred to as plastic money. Plastic money is represented by debit and credit cards. Plastic money has made it easier for us to conduct daily transactions. It has mostly supplanted cash payments worldwide and has established itself as an essential source of rapid money. It has made it easier for us to purchase products that we could not otherwise afford using some of the best credit cards on the market.
Plastic money has not only made our lives simpler, but it has also reduced the difficulties associated with carrying cash. Some of the greatest credit cards allow us to travel the world without carrying cash.
One advantage of using credit or debit cards is that robberies and crimes are reduced. Hacking a card's PIN is tricky and requires knowledge of certain processes. As a consequence, credit and debit cardholders may be relatively certain that their funds are secure.
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