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

In
this
modern era, using smartphones for transactions is increasing by leaps and bounds because the government is not printing more traditional notes and people are more dependent on
this
. In my, opinion
this
concept has some advantages and disadvantages. In
this
, essay we will
further
elaborate on the positive and negative effects of
this
trend and
thus
will lead to a logical conclusion. There are myriads of reasons which will
further
explain
this
argument but the most preponderant fact is that money fraud is a major drawback , pupils lost their wealth during the usage.
As a result
such
apps
as PAYTM, GOOGLE PAY, and, VISAPAY. Another pivotal aspect is that hackers steal our precious data from them and blackmail us.
In addition
, a survey conducted by the prestigious university
Oxford
Change preposition
of Oxford
show examples
revealed that in future, these kinds of
apps
charge heavy taxes and service fees from the population.
Although
,
third
-world countries
such
as India, Pakistan, and, Bhutan pay ?
However
, there are some pitfalls that negate these arguments and which can certainly overwhelm the potential influence of
this
trend. The most alarming one is that it is a less time-consuming method. One sure example is that payments accept by customers who have white money and relevant evidence.
On the other hand
, corruption is decreasing by leaps and bounds owing to phone
apps
, the government are monitoring every single aspect. Moving
further
, it is pertinent to mention that the population are fascinated by the
apps
and
pay
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pays
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a huge amount to the government and it is increasing the GDP of the country. To sum up,according to the argument aforementioned above, one can reach the conclusion, that the perks of mobile
apps
are instrumental indeed. The potential drawbacks of payment
apps
should not be able either.
Submitted by naffey07 on

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