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Answer» Advantages of cashless payments or plastic money: - It reduces the burden of carrying cash while traveling.
- It is easy to use plastic money like debit cards and credit cards.
- It will restrict the inflow of duplicate money as cash is not used at all.
- Fear of loss of money while traveling will not be there. If the card is lost we can inform our banks and get all transactions stopped.
- Corruption and black money transaction will be controlled as all transactions will be done through banks which will bring transparency to our transactions.
- We also get a credit period if payments are made through credit cards.
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