Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this. Give reasons for your answer and include any relevant example from your own knowledge or experience

In the era of techno-economic world, plastic money such as credit cards, debit cards and prepaid cards have revolutionized the payment ecosystem across the globe. It offers freedom not only from carrying heavy bundles of bank notes and heavy coins but also from fear of theft. However, it has downsides also like – online scams, […]