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

The usage of technology has significantly increased over a decade.It is irrefutable to deny that
people
are dependent on mobile
phones
for doing routine transactions in several countries. I believe that
this
trend has more merits than demerits and will discuss the reasons in the following paragraphs. Technology is interwoven with human life. There are various reasons behind the incremental usage of mobile gadgets for
payments
in several sections of the world.
To begin
with,
people
are living a fast-paced life and doing online
payments
will help them to save time and energy. There are applications for everything on mobile
phones
such
as food delivery, apparel, banking, medicines, groceries, entertainment and many more. On
the
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apply
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top of it, a majority of
people
are living in nuclear families and are occupied with their professional commitments,
hence
they could not visit supermarkets and shopping malls as per their requirements. So we can say that the dependability on digital platforms has increased due to hectic lifestyles which saves
their
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apply
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precious time.
Furthermore
, digital
payments
boost the national economy.
For example
, In India, the government encourages the citizens to pay by UPI or using mobile or internet banking so that they can monitor the transactions which
helps
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help
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the government demolish the flow of black currency from the economy.
Moreover
, local manufacturers can sell their products on digital platforms
such
as Instagram, Facebook and Whatsapp, these applications cater to massive audiences and with the help of digital payment options companies can earn money at the early stage of business.
On the other hand
, downloading these apps from cell
phones
will ask for several approvals from the user,
for instance
, his photos, locations, preferred payment options, card details , address and mobile phone, for providing better services. These are the private information of the customers so, a breach of privacy could
occurs
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occur
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as the developer of the app is aware of
user's
Correct article usage
the user's
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private information.
Hence
, customers should be cautious while doing
payments
online as the number of frauds have been increased and doubled in the
last
five years. Overall, I strongly believe that usage of mobile
phones
for
payments
is an efficient and time saver for
people
.
However
, users have to be more proactive while using the apps and if government strengthen the laws of cybercrime can reduce fraud.
Submitted by himalibhavsar7 on

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