In many countries paying for things using mobile phones (cell phone ) apps is becoming incresingly common . Does this development have more advantages or disavantages?

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In
this
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contemporary era,
people
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are using mobile phones to make online
payments
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for anything that they buy which can be quite convenient for them.
However
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, it does have a plethora of drawbacks that come their way. In
this
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essay, we will discuss the benefits and shortcomings of
this
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development in subsequent paragraphs. To commence, the advantages of
this
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development are that
payments
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can be made quickly and
money
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can be sent globally. To elaborate, these
applications
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make faster
payments
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as
individuals
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do not have to go to banks to transfer their
money
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which takes a lot of time to process.
Furthermore
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,
people
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can send and receive
money
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from anywhere around the world without any additional fees which used to be mandatory in previous times.
In addition
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,
individuals
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do not have to carry their wallets with them as taking care of them can be quite troubling for them.
For example
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,
applications
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like Google Pay offer services
such
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as paying for electricity and water supply which saves time and effort.
Thus
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, the above example vividly illustrates the merits of paying through these
applications
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. On the flip side, these
applications
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also
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have some demerits that
individuals
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might have to face are online fraud and the unavailability of
this
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technology
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. To elaborate, these apps require personal information which could be hacked by hackers who can get access to one's bank account and get
money
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.
Furthermore
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,
this
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type of
technology
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is not used by all stores which creates problems for the public as they are habitual to
this
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new invention. To exemplify, there are vegetable vendors in India, who do not use
such
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technology
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which can be problematic for the customer.
Hence
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, the aforementioned reason substantiates the disadvantages of paying using cell phones. To recapitulate,
people
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get numerous benefits from e-
payments
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as it saves their time and effort and it is convenient to send
money
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from all over the world.
On the contrary
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,
individuals
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also
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encounter several difficulties with online
payments
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such
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as their information is not safe as there are many scams happening and
this
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type of
technology
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is not very common among small and old businesses. In my opinion, the pros are more as
this
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type of invention has revolutionized the way
people
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use online
payments
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which gives them ease and greater access to numerous services in one place.
Submitted by sanchidhupar96 on

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