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

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With the advent of technology, there are various advancements which are becoming popular in recent times. Payment for the purchased stuff by using various applications is
also
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part of these changes.
However
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, the question arises here is that whether it is beneficial or harmful development.
This
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essay will shed light on
this
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statement in the upcoming paragraphs. To commence with, it offers numerous benefits to the general public.
Initially
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, paying for things using apps available on mobile is a very fast method.
In other words
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, payments are processed within a few seconds by using
this
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option. To exemplify
this
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, In India, there is a popular app G-pay which is used by potential customers to pay for items without wasting too much time. Apart from
this
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, it is a convenient and easy option available for paying the bills that even oldsters can use
them
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apply
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by putting only a little effort.
Besides
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population, it is
also
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advantageous for the nation.
Firstly
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, it helps many countries to convert their economy into digital ones which
ensures
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ensure
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fewer requirements for paper currency. Money in the form of notes involves a large amount of paper which is obtained by cutting forests.
Therefore
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, usage of these apps promotes digitalisation which in turn is beneficial for the environment.
For instance
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, In the pandemic of Covid-19, virtual payments are proved very helpful.
In other words
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, it gets popularity in
this
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phase and assists the government in the accomplishment of the target of cashless transactions. To conclude, I would like to reiterate that
this
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technology offers a huge number of advantages to society and the country.
Thus
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, it would be considered a positive development and should be encouraged more in order to enjoy its perks.
Submitted by kuljeetkaur19941 on

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