Abstract

The paper examines the perceptions of consumers regarding the impact of plastic money on their spending pattern. This study is conducted among the bank customers in UAE. A sample of 250 customers has been taken from UAE. According to the central bank of UAE, 23 local banks are functioning in the UAE. Out of these 23 local banks, 5 banks were selected randomly for this study and 50 respondents from each bank were picked randomly for this study. Chi square test and Proportional test has been used to analyse the data. The analysis reveals that majority of the customers have the opinion that using of plastic money has a high impact on their spending pattern and are struggling to manage their money irrespective of their age, sex and income. The analysis was done to find out why consumers prefer plastic money even though they struggle