What are the advantages of cashless payments or plastic money?

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.