The Benefits of Use of Plastic Money in Greece and the EU: Case Study of Use of Plastic Money from the Elderly

Abstract

Plastic money is a very recent context replacing the traditional concept of paying though cash. Plastic money is a term coined keeping in view the increasing number of transactions taking place on the part of consumer for paying for transactions incurred by them to purchase goods and services physically and virtually. It includes credit cards, debit cards, pre-paid balance cards, smart cards etc. This research is typically focusing only on the use of debit cards from the elderly in order to find out the effectiveness of such cards in real life and consumers perceive them. It also presents the use of electronic wallet. Is electronic wallet helpful in every day's transactions? Can old age people find it helpful in using it? Electronic wallet accepts debit cards that are connected with the banking account which has been declared by elderly in the financial institution. It allows an individual person to purchase something at a store and enables unforgeable transactions with other wallets.

Customers’ Perceptions about Plastic Money towards Sustainable Banking in Bangladesh: A Technological Adoption

“…Some study stated that consumer satisfaction was calculated by functional and technical conditions in the banking industry (Gronroos, 1984). Panagiotis et al (2018) had thrown light on the use of new technology by elderly people contributing significantly on their better quality life. The usage of innovative electronic trading devices defend the elderly population from theft and fake cases since such cards in his/her wallet can be used immediately and easily in each transaction.…”

“…More regularly, we are progressively reliant on new innovations to make our transactions quick and productive. The proceeded and fast development of innovation has achieved noteworthy changes in our regular day to day existences (Panagiotis et al, 2018). Plastic money is a contemporary mode of payment system that is noticeably changing the traditional idea of payment system through cash.…”