Exchanging payments for the goods and services using mobile phone applications is becoming prominent in the contemporary world. Despite the cons, including identity theft and data sharing with applications, the advantages, like accessibility and comfort certainly dominate.
The increasing popularity of paying using phone apps has its concomitant risks.
Firstly
, the identity theft, which is believed to be of critical importance. Having the profiles created on various unreliable mobile applications, Linking Words
for instance
, makes it convenient for hackers to mirror the identity and use these them to pay for their luxury needs. The other potentially Linking Words
risky
factor is the data sharing with these Suggestion
risk
third
party apps. Linking Words
For example
, these mobile applications have a prerequisite where a user is needed to confirm that he is willing to share his personal data like card details, address and phone number. If an untrustworthy app gets the access to ones personal information, the data could be sold for a few bucks to spamming agencies. Linking Words
Therefore
, these risks coexist with rising demand for paying online. Linking Words
However
, various security measures are being implemented to mitigate these factors.
Despite these, the other side of the coin is more promising. Linking Words
In other words
, the advantages outweigh the disadvantages. Linking Words
For instance
, applications like Google pay and Apple Pay provides a high degree of accessibility where one can simply tap at any NFC enabled machine to initiate a payment. Linking Words
This
saves a lot of time in finding spare change in the form of notes and coins. Linking Words
Secondly
, it elevates the sense of comfortability among people in a way that they do not have to carry their money bag or wallet anymore to the shopping stores. Linking Words
This
freedom, albeit small, adds to the convenience level for people and is Linking Words
therefore
a dominating factor behind the rise in popularity of paying using cell phones.
In conclusion, even though the rise in technology enabling one to pay using online mobile apps has certain drawbacks, the pros, most certainly, compensate. Linking Words
Consequently
, it allows one to have greater access and spend their money more conveniently making the overall process more enjoyable.Linking Words
Danish Bhatia