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

In the 21st century, with the advent of smartphones, peer-to-peer mobile monetary transactions have gained popularity. The essay will

firstly

outline the pros related to the use of mobile

payments

and

then

state possible cons of the same. Eventually, it focuses on how advantages outweigh the disadvantages.

First

and foremost, no one can deny the fact that sending money through

a

Correct article usage

apply

show examples

mobile

applicationapplications

Correct your spelling

application applications

is the most convenient mode of transaction. One clear example is that we don't have to carry the exact change and neither have to depend on others for the same.

In addition

to

this

many, payment apps maintain transaction history, which can be used as proof of evidence in case of any dispute.

Secondly

, digitising the mode of

payments

in government offices can prevent corruption. Responsible authorities find it difficult to keep a trace of cash transactions as against online

payments

.

For instance

, malpractices involved in the collection of traffic penalties can be drastically reduced by using online modes of payment.

This

will lead to more accountability and transparency in the system.

However

, another angle to

this

debate suggests that over the internet

payments

are more prone to online frauds. Cyber hackers are always on the lookout for

such

gullible people who can be easily trapped and cheated. To illustrate, nowadays many users are getting exposed to google pay scams by accidentally sharing passwords and OTPs. In spite of the multi-level security options which these applications offer, it's difficult to avoid

such

frauds due to ignorance.

Moreover

, relying too much on technology eventually increase our dependence on the same. In current times we don't keep teller currency in our purse, since most of our purchase needs are catered by online

payments

.

This

can be a real issue in remote locations where internet connectivity is a major concern or when our cellphones and wallet applications are non-functional. Clearly,

this

essay has shown that the advantages of using mobile payment gateways outweigh the disadvantages. The lacunas can be easily overcome by adding more layers of verifications in

such

applications and spreading awareness related to online fraudulent activities.