Use of the plastic money for making transactions is high on use these days. The leading company of plastic money – Master card has launched a technology hub in India with two facilities in Pune and Vadodara.
With this facility the Master Card aims to expand the business and increase the use of cashless transactions among the people. The hubs are expected to come up with the new facilities that will enhance the cashless transactions for the retail customers in India, The facility in Vadodara will focus on Digital wallet – a new form of cashless payments. Soon the company desires to launch a facility which will allow users to order food while sitting in a movie hall or college library. In addition to this the company is also working on real-time money transfer apps, which will enable farmers in remote villages to buy stuff.