In many countries, paying for things using mobile phone (cellphone) apps is becoming increasingly common. Does the development have more advantages or more disadvantages?
In
this
contemporary era, mobile payments have been increasing rapidly. Payment of goods and service via mobile phone apps is becoming popular not only in developed nations but Linking Words
also
in developing countries across the world. Since everything has two sides, Linking Words
this
essay will discuss the pros and cons of Linking Words
this
type of settlement method.
Linking Words
To begin
with, there are enormous benefits of using Linking Words
this
type. Linking Words
Firstly
, Linking Words
this
kind of trend brings more convenience and more comfortable to the population Linking Words
such
as a cashless economy. Linking Words
This
means people do not carry too much of the amount because nowadays everything is paid by an online transaction. Linking Words
For example
, in Paytm, people can purchase goods and service through these apps and send and receive money from anywhere anyplace Linking Words
as a result
, quick transaction. Ergo, the population have been using the most convenient Linking Words
this
type of settlement Linking Words
instead
of traditional methods.
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On the other hand
, there are several drawbacks to using Linking Words
this
kind of digital platform. Linking Words
Firstly
, mobile-hacker might be misused our financial details Linking Words
such
as save the password. Linking Words
Secondly
, many fake digital platforms are available here repercussion, their main motive is dropping the money off without user knowledge because the bank is not supervised directly. Linking Words
For example
, more than 40% of the digital platform is unauthorised repercussion, folks might be lost their capital from their bank account.
To conclude, a cashless economy is the best idea nowadays because we can easily get all the benefits from Linking Words
this
Linking Words
such
as buying stuff and service. I think online payment has more pros outweigh cons. Linking Words
Moreover
, Linking Words
this
kind of apps helps to reduce using capital and folks Linking Words
also
used to practice electronic payment. I hope Linking Words
this
trend is conducive for the Linking Words
next
generation.Linking Words
Submitted by reanudeepan on
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