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

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In the technological century, the payment system became digitised. In many countries, using mobile phones for purchase payment has become widespread.
This
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recent decision may be helpful for
modern
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the modern
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man and, in my opinion, has many merits.
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essay will examine its advantages and disadvantages and provide a logical conclusion. First of all, e-cash is a convenient alternative to paper currency.
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, the prevalence of
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payment method at some point became a need, not a desire. In 2020 in the difficult period of COVID-19, e-payment was the safe solution to avoid contact with salesmen. It is impossible to deny that from these points we see progress in
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, not only online banking but
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many shops are using
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method. Each time the methods become more convenient for mobile phone users.
On the other hand
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, everything connected with money has the potential for online scams, and even sometimes, simple digital literacy does not help.
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, in the Fall of 2020, the greatest Kaspi.kz Kazakhstani bank was blocked because of an online scam for one day, and all Kazakhstanis had 0 on the bank account.
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case shows the citizens that there are always risks and even the most advanced applications in the country. Correspondingly, online e-payment systems must take care of digital protection against cyber attacks and, if possible, reduce all risks to 0. To summarise all listed discussions and arguments, I deem that demerits outweigh merits since, despite Internet fraud, which is common now in the contemporary world, each modern citizen must have the ability for
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innovation.
Submitted by azatorazalin on

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Topic Vocabulary:
  • convenience
  • safety
  • security
  • time-saving
  • cashless transactions
  • dependence on technology
  • privacy concerns
  • accessibility issues
  • financial vulnerability
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