In many countries, paying for things using mobile phone apps is becoming increasingly common. Does this development have more advantages than disadvantages?
With the advent of technology, digital payments have gained a lot of popularity in several developing nations. Few consider the potential frauds involved in it. There are a lot of hackers trying to invade the Online attackers online who try to exploit the unsafe applications, and try to cheat the consumers by laying enticing traps. To clarify, a recent study on the
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as a disadvantage due to the malpractices that are involved in cyber space
. Correct your spelling
cyberspace
Nevertheless
, purchases through mobile applications can simplify the payment
process dramatically by reducing the usage of currency notes, and contribute to a greener environment. In my humble opinion, these advantages far overshadow the
any disadvantages involved in Remove the article
apply
this
transformation.
Along with the enormous growth of mobile phone usage, payments though various applications have also
increased. There are several benefits of this
phenomenon, and one of them is, it reduces the dependency on bulky currency notes. In other words
, people can avoid carrying physical money along with them,
and make purchases of goods and services from their mobile phones itself. Remove the comma
apply
For instance
, after demonetisation in India, the circumstances have forced p
ublic to move towards cashless transactions due to a crunch in the hard cash, and Add an article
the
this
trend continued to emerge as the most preferred payment
method today. Also
, this
helps in protecting our money from the thieves who preying for extra income. Consequently
, online expenses contributes
to a greener environment by reducing the demand for Change the verb form
contribute
paper based
legal tender which is produced by bringing down the trees.
Add a hyphen
paper-based
Nevertheless
, the drawbacks should not be overlooked. Many feel hesitant adapting to the digital space dueAdd the preposition
to
payment
ecosystem. Principally, vulnerable mobile applications that are used for payments can result in heavy economic losses to its
users. Similar to thieves, there are a lotChange the pronoun
their
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of
payment
space reveals that approximately 15% of the monetary transactions made online are f
raud. Add an article
a
Moreover
, this
is not advisable for beginners who can be easily ployed
.
In conclusion, the mobile applications that are Correct your spelling
played
are
used for purchases of things can serve as a flexible Change the form of the verb
being
payment
option, and the disadvantages mentioned above cannot outweigh the benefSubmitted by srivupputuri on
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