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

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Nowadays, the revolution in technology changes our life to a great extent. Making
cash
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of purchase through mobile phone app gains a lot of limelight these days.
Hence
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,
this
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development benefits us in plenty of ways with few drawbacks which would be discussed in the upcoming paragraphs. To commence with, in
this
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era of technology and globalization , all spheres of life have changed dramatically,
similarly
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online payment is not an exception. There are ample advantages of
this
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development
firstly
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, it is a feasible method for making large
cash
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.
For instance
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, buying a television with
cash
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is quite inconvenient as it is very difficult to carry a huge amount of
cash
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.
Secondly
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,
this
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method is totally safe as there is no risk of robbery. Sometimes, an unplanned shopping visit ends up purchasing a lot of things which is only possible by Mobile phone app.
In addition
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to it, one can make outlay all over the globe for buying any product. Like every coin has two sides,
similarly
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, there are few disadvantages of
this
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trend
also
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. As people spend more money than required because it does not give them a feeling of expenditure.
Moreover
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, we are living in a fast-paced world today,
therefore
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, one might do
cash
Use synonyms
to the wrong number. Even chances of technical errors ate
also
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high. In a nutshell, like every garden has weeds, it
also
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has a few pros and construction. But, ultimately
this
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change is proven to be a boon for society as it gives comfort and ease in making amount.
Submitted by Manvir kaur bhatti 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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