In many countries, paying for things using mobile phone apps is becoming increasingly common. Does this development have more advantages or disadvantages?

The advancements in technology have made our life effortless. Nowadays, the majority of the population utilize

this

technology for many purposes

such

as paying bills, banking and shopping. Though there are certain disadvantages to online

payment

, its merits outweigh them. There are numerous benefits to E-

payment

. The main advantage is people can pay bills from their comfort zones, be it home or office by a simple click of the button.

This

saves them a lot of

time

and energy.

For instance

, they do not have to travel to the telephone office or stand in

l

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a

the

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ong queue to remit their bills anymore.

Instead

,they can use

this

valuable

time

for other meaningful purposes.

Secondly

, transactions through apps save us money. Many applications offer discounts and reductions when

payment

is made through them.

For example

, I received a 5% cashback for my

first

electricity bill

payment

made through GPay. These offers are a major reason for the wide use of

such

applications.

Thus

, it is clear that E-

payment

saves humankind his valuable

time

and money. Having said that, there are a few downsides to

this

payment

modality particularly to old age and uneducated ones.

In other words

, the elderly can find it rather complicated.

Therefore

, online

payment

may be unsuitable for most older people. There is

also

the risk of fraud. If the phone or the laptop gets stolen, the

payment

information saved on it could be misused. To conclude, in

this

advanced world people prefer to use mobile phone applications for transactions. Even though it has some disadvantages, online

payment

saves mankind

time

, energy and money and

hence

its advantages outweigh the disadvantages.