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Asian Journal of Management
Year : 2017, Volume : 8, Issue : 2
First page : ( 137) Last page : ( 150)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2017.00023.3

A Study on Customer Attitude towards Usage of Plastic Money in Sivakasi

Dr. Meera M. Rifaya1, Padmaja R.2, Siddique R. Mohammed Abubakkar2,*

1Assistant Professor, Department of Commerce, Ayya Nadar Janaki Ammal College, Sivakasi, Tamil Nadu, India

2Research Scholar, Post Graduate and Research Department of Commerce, Ayya Nadar Janaki Ammal College, Sivakasi, Tamil Nadu, India

*Corresponding Author E-mail: siddiquemohammed25@gmail.com

Online published on 17 July, 2017.


The current study makes an attempt to know the customer attitude towards usage of plastic money. Technology has drastically changed all the sectors including the financial sector, and the transactions in the banking system have also undergone a remarkable change. The traditional concept of payment through cash is replaced by the credit cards or the debit cards called ‘plastic money’ that people are using to draw money or to make purchases. This exacting research focuses on the opinion about the acceptance of plastic money, its usability and affordability while they are making an impact on its preference of use in Sivakasi. Data have been collected from 100 respondents using a structured questionnaire covering students, government employees, private organization employees and businessman. It is found that most of the respondents are using plastic money usually for shopping and online purchases and also for purchasing expensive products. It was found that customers prefer plastic money over paper money and the major benefit that the card provides to the customers is the convenience and accessibility. The major problem according to them is the bigger transactional costs and redundant formalities to acquire the cards from the financial institutions. They felt that the future of plastic money is vivid.



Plastic Money, Financial Sector, Credit Cards, Debit Cards, Sivakasi, Customers.


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