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

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It is often argued that making payments with apps like apple pay or pay pal is becoming popular. In my opinion, it has more pros than cons
however
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,
this
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essay will explain
further
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in detail. On one hand, online payment systems have made human lives fairly easy and simple.
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, no one has to worry about going out from the comfort of their house or taking out extra time to pay a bill or even buying groceries, it can all be done with just a single click.
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, you can schedule monthly transactions and never have to worry about paying those bills again.
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, it will not be a stretch to say that cellular banking has revolutionised the banking model.
On the other hand
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,
although
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you can not deny the numerous benefits of
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model there are a few drawbacks as well.
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, these apps store all your data like your credit card number, codes, and expiry dates,
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, if you are not smart enough, people can hack and get into your phone with just a single wrong click.
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, a recent article published in the Newyork times
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stated how an old was conned for his lifelong savings just because of sharing his code on a shady website. In conclusion, where
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software has countless benefits and comforts the living, it has to be wisely and smartly, to avoid any fraud.
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, keeping in view the increase in
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incidents banks have now increased the security checks on any unusual transactions.
Submitted by z.ghadia on

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