What is plastic money?

Plastic money refers to the use of plastic cards, such as credit cards and debit cards, as a means of payment instead of cash. The term "plastic" refers to the material used to make the cards. These cards are issued by banks and financial institutions and can be used to make purchases, withdraw cash from ATMs, and transfer funds between accounts. They have become a popular alternative to carrying cash and offer convenience, flexibility, and security to consumers.