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

Nowadays, most people around the globe own a mobile phone, and they normally bring it along everywhere they go. They have been increasingly depending on mobile

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apps

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for their everyday spending.

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development is definitely a positive trend as it offers more convenience, accessibility, and better management in personal finance. The significant advantage of

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apps

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is everyone with a mobile can use and pay at their fingertips without the need to carry loads of physical cash and cards.

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,

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can prevent them from getting stolen and losing cash and cards.

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, international purchases and peer-to-peer (P2P) transfers regardless of different geographical presence aren’t possible without mobile

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technology.

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, a person residing in Singapore can buy goods on Taobao from China using famous mobile wallets like Alipay and WeChat.

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, lots of mobile

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have an inbuilt analytic system which allows users to track and plan their spending.

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, some users have valid concerns over personal data leaks and cyber-attacks

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using mobile

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. Those concerns have been handled by lots of

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companies by making significant investments and efforts in security infrastructures to make sure data are well maintained and prevent any cyber-attacks.

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can be seen as mobile

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apps

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using 2-factor authentications, sending push notifications not to share log-in details with others. In conclusion, using mobile payments can help people in many countries gain plenty of benefits in terms of accessibility, convenience, and personal wealth management.

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, I strongly believe

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development trend has more advantages than disadvantages.