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 times, mobiles have become more useful than ever and facilitate many use cases

such

as calls, texts, video conferences, jotting down notes, taking pictures and even making transactions. Some argue that the technological advancement in

payment

via phones has many drawbacks,

however

,

this

essay agrees that the advantages are stronger and will

further

elucidate the reasons why. Among the many benefits of making payments via applications on cellphones, the most obvious one is that it is extremely convenient. The indispensable need to carry around cash is completely eliminated so individuals do not have to worry about not being able to make purchases solely because they forgot their wallets.

Moreover

, these simplistic cashless transactions enable people to track their finances more easily.

For example

, to find out how much was spent in a day or a month, one can just view the statement in the app.

Lastly

, some latest software even

provide

Change the verb form

provides

show examples

the option of centralised

payment

,

for instance

, all the credit and debit cards linked under one account so that the user does not need to bring many cards or install multiple applications for separate bank accounts. Admittedly, it is

also

true that

payment

via cellphones has its own disadvantages.

Firstly

, cellphones are small,

hence

, it is prone to theft. In the case of being stolen, the user may have to follow tedious procedures

such

as contacting the bank to disable the account, reporting to the police and changing passwords of the bank applications.

Otherwise

, if the passcode were cracked, the balance could be stolen easily.

Secondly

, despite the popularity among youths, the senior generation may find difficulties adapting to cashless payments.

Moreover

, it may cause them distress as they easily forget their passwords or when falling victim to online scams. To summarise, there are more robust advantages to

this

development as it promotes ease of use, enhances people’s cash flow monitoring and the possibility of centralised

payment

.

Nonetheless

, drawbacks

such

as the high risk of theft and distress in the older generation are not to be ignored.