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

In

this

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modern era, technology is increasing rapidly and mobile

phones

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are no exception. It has found recently, people are making payments to various merchants using their

phones

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.

This

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trend has very much in a boom in developed as well as developing nations.

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essay is going to examine its benefits and its flaws,

likewise

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, it is

also

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going to throw up in a light that how the pros outweigh the cons. On the one hand, cell

phones

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have become an integral part of everyone's life.

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and foremost, it has made every individual's life very easy and most convenient.

For example

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, nowadays, people do not have to carry any liquid and plastic

currency

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to pay their dues.

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, mankind does not have to worry about any fraud or robbery. Another use of the payment

apps

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is the history of

transactions

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that get recorded electronically and never disappears. Google Pay and Paytm is the best example of

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payment app; on which humans can see recent and past

transactions

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as and when required without any malfunctioning.

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, it will easily convert the

currency

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hassle-free. To elaborate more, if anyone is travelling abroad

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they do not have to worry about the

currency

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converter. They just have to pay via smartphones and the payment app will convert the

currency

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using the current rate. Over and above, they

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have some offers as, cash-back or discounts while paying using

phones

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apps

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.

On the contrary

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, the use of pay

apps

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sometimes causes cyber attacks. To be more precise, credit cards or debit cards and bank

transactions

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have many layers of the verification process, but in

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mode, there is no

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option and

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why there are more chances of hacking your information.

Moreover

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, these

apps

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require the internet to proceed with money

transactions

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. If we talk about India,

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there are many villages which are not well versed with the technology and so that they do not have the internet facility. To conclude, admittedly, every technology has its own drawbacks mainly, cyber-attacks and security concerns; even so, in my opinion, the benefits exceed penalties because they allow instant transfer of money from anywhere and at any time. The security concerns can be mitigated to a great extent by taking adequate precautions.