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

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Technology has been developing dramatically for the
last
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two decades. Almost every people have and use a mobile device for many purposes.
However
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, paying for stuff and service through cell phone is becoming popular in recent days. I think
this
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improvement gives more benefits than demerits.
This
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essay will discuss both viewpoints in the upcoming paragraphs.
To begin
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with, there are enormous merits to using mobile apps to buying things. The main advantage is
this
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is the most convenient and most comfortable transaction between sender and receiver because we receive the money within a fraction of seconds.
Secondly
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,
this
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trend encourages a cashless economy
as a result
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, people do not carry too much of the amount when they purchase.
For example
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, Paytm online apps are most popular among society everybody use because easy transaction as well as anytime any place we can send and receive money without any troubles. Ergo,
this
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is the best way to reduce folk usage of the traditional method of payment.
On the other hand
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, there are several drawbacks to using online payments. One possible drawback
this
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is not a safe method because the bank does not directly monitor repercussion, many fake websites might be taken capital from user account.
For instance
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, an online portal might be saved customer password automatically when they are purchasing by card repercussion, they might be misled ergo, folk would be reduced these kinds of payment. To conclude, a cashless economy gives fast transaction between seller and buyer but
this
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method does not safe to usage because some person will misuse the user financial details.
However
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, I think that
,
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apply
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certainly
this
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improvement has more advantages. I hope
this
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trend is conducive for the future generation.
Submitted by reanudeepan on

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Topic Vocabulary:
  • convenience
  • safety
  • security
  • time-saving
  • cashless transactions
  • dependence on technology
  • privacy concerns
  • accessibility issues
  • financial vulnerability
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