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

It has been a new trend in
majority
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the majority
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of the countries that bill
payment
is quite flexible through mobile phones.In my opinion, I think that the advantages of paying
money
through advanced technology are more compared to its disadvantages. On the one hand , there are many benefits to online
payment
.
Firstly
, it is not at all safe to keep
huge
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a huge
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amount of
money
as notes in hand due to the chance of theft and attack from others .
Therefore
,
phone
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the phone
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app will be a great help for
the
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apply
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people to pay the bill instantly.
Secondly
, by the development of new technologies
Add a comma
,
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it aids to save the time and transaction will be done
with in
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within
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a blink o eyes.
For example
, especially in big malls and
shops
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,shops
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there is no need to count the
money
and purchase the things ,
insteed
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instead
all will
be happened
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happen
happened
show examples
in a minute.
Thirdly
, technologies will ensure
the
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apply
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payment
accuracy by providing
detailed
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a detailed
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invoice ,
as a result
, in the future consumer could clam for any transaction error if it occurs
accidently
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accidentally
.
On the other hand
, there are some disadvantages to online
payment
,
such
as it is
some time
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sometimes
show examples
easy for the hackers to enter
in to
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into
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the personal details of the buyer and withdraw the
money
.
Moreover
, if there is no proper networking it is not easy to do any
payment
through
mobile
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a mobile
show examples
app,
hence
excellent internet is mandatory for the development to
being
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be
show examples
in action.
However
, these demerits are all preventable through conscious action by the purchaser. Everyone should safe
gaurd
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guard
their personal details prior to the
payment
, as well as make sure that there is good internet access
in
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on
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the mobile phones. In conclusion, new
tecnologies
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technologies
on
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for
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shopping will ensure
the
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apply
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instant
payment
and it
also
enable
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enables
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the
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apply
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people to save
the
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apply
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time .
Therefore
negative
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the negative
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aspect of mobile
payment
could be weighed less when
compare
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compared
show examples
to its positive aspects.
Submitted by ansachacko on

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Topic Vocabulary:
  • Contactless transactions
  • Mobile wallet
  • Biometric authentication
  • Fraud prevention
  • Digital divide
  • Cybersecurity
  • Financial inclusion
  • Spending habits
  • E-wallet
  • Encryption
  • Digital literacy
  • Payment gateway
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