With
adventCorrect article usage
show examples
and advancement in
discoveryAdd an article
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of
new ageAdd a hyphen
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digital technology and internet connectivity speed along with
high endAdd a hyphen
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devices
hasChange the verb form
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made
plethoraAdd an article
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of
world wideCorrect your spelling
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product and services at the fingertips of
people
across
worldAdd an article
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.
This
has led to ease of any kind of transitions
such
as
payments
or fund transfer easy and real quick time from the comfort of your home and couch minus the difficulty of going all the way
merchants or vendors place to do
payments
.
Hence
this
digital advancement is more beneficial to
people
which helps them simplify their
payment
through mobile phone.
I would like to list down
fewAdd an article
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advantages of using these
payment
apps
on
mobileAdd an article
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phone.
is of the main benefits of
these modeChange the determiner
show examples
of
payments
as
these deviceChange the determiner
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can be easily downloaded and stored in cellphone and requires hardly any huge storage space and
also
can
be accessChange the verb form
show examples
from anywhere in the world with
internetAdd an article
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connection. It allows
users
to pay
bills
ant any times of
dayAdd an article
show examples
and
also
with
optionAdd an article
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of instructing the app to do auto deduction once
billAdd an article
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is generated which saves
lotChange the article
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of time at
consumersCorrect article usage
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end.
Secondly
,
modeCorrect article usage
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of
payment
for all future
bills
which Correct pronoun usage
show examples
makes it easy for
users
to just enter the OTP generated and not remember and key in bank details every time,
this
also
helps in reducing errors in entering card details. One of the most profound examples for
aboveCorrect article usage
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two Add a hyphen
show examples
pointChange to a plural noun
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is Electricity
bills
wherein earlier
people
had to visit the biller office personally to pay
bills
which causes
lotAdd an article
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of
and lead to discomfort of standing in ques wasting entire day which now gets done in just 2 minutes on
apps
. Another instance of credit card
bills
wherein
people
had to either send a cheque to
bankAdd an article
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or visit
bankAdd an article
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to make
payment
which leads to
issueAdd an article
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of missing deadline or cheque not delivered all
such
got stopped with online
payment
.
Another advantage for consumers is attractive cashback and rewards if they pay
billAdd an article
show examples
through these
mobile basedAdd a hyphen
show examples
apps
since they get to save
5% on the amount to pay as per reports from RBI on digital
payments
.
TRAI and IAMAI in
itsCorrect pronoun usage
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research paper
hasChange the verb form
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published that more than 300mn
users
have downloaded these
apps
and on monthly
there are 1bn transactions for bill
payments
. But it
also
has certain disadvantages
such
as leakage of data if
users
don’t have
strongAdd an article
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and secure network and password it could result in financial or data theft which can be
hindranceAdd an article
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to privacy, but considering
longCorrect article usage
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term view these cellphone
app basedAdd a hyphen
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payment
areChange the verb form
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boonCorrect article usage
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for all.