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 recent decades, we have witnessed radical changes in communication technologies including the development of mobile
phone
apps
that let us make payments for things. In
this
essay, I will discuss both the positive and negative aspects of
this
development. One of the main
advantages
of
this
payment tool is saving your time, which is especially important in terms of our more mobile lifestyle. You just tap your
phone
in front of a terminal that means you have approved the transaction. Another great positive of these sophisticated
apps
is a contactless payment
that is
regarded as a measure of safety during the pandemic of Covid-19.
Finally
, when you pay by your
phone
, you reduce the risk associated with cash which can be lost or stolen.
However
, there are
also
drawbacks to using cellphone
apps
for payments.
Firstly
, you became more vulnerable in view of an accidental loss or damage of your
phone
. It is obvious that you will not be able to pay for things in
such
an emergency.
Secondly
, hackers could thieve your mobile wallet with access to your bank accounts and,
as a result
, it could be considered as they stole all your money.
Lastly
, in case of your
phone
becomes infected with malware, you would not be able to purchase some necessary things, which could be extremely stressful during your
traveling
Change the spelling
travelling
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. In conclusion, as can be seen from the points made in
this
essay, there are both
advantages
and disadvantages to using mobile
phone
apps
for payments. Whilst there are many
advantages
to
this
, namely convenience and the fastest way of payment, possible negative consequences would be a risk of the emergency in case of cellphone deprivation and cybercriminals. If managed in the right way,
nevertheless
, I feel that overall the
advantages
would overweigh the disadvantages.
Submitted by alkirina 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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