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

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

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