Plastic Money Security Issues In India

The benefit of plastic money is its accessibility and acceptability with lightness than cash in wallet plus ready notion with the major problem of fraudsters who may exploit the rights of the genuine stakeholders. At present, the computing resources, communication technology, availability of the cards in competitive market are escalating India to be placed at the growing edge of popularity of plastic money. People after demonetization are intensely employing the technology; moreover it's a step towards the digitalization of India. With increasing population of the smart phone users, people are more aware about the cautions needed to pursue while using P-cards. However as compare to the developed nations, in a land of villages- India, the problem become more perilous as there are petite infrastructural facility&literacy, high percentage of less skilled population, old customs and non-reach of the government facilities, spoiling the p-money applicability&security and digital India campaign.. Therefore, besides the plastic money rewards and contributions to the digitalization, present paper contributed towards a range of security issues in addition to technique to make money protected and reliable.