In many countries, paying for things using mobile phone (cellphone) apps is becoming increasingly common. Does this development have more advantages or more disadvantages? Transactions are trackable convenient if no cash available

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Nowadays, It has become a widely known fact to make payments using multiple UPI applications available on smartphones, It has become common to transfer and receive
money
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through developments. In my view, It is an advantage and
this
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essay will dictate the reasons to support the statement.
Firstly
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, these applications have decreased the usage of physical currency. To elaborate, individuals do not always require carrying cash,
,,
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apply
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instead
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,instead
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they could do flexible transactions using their mobile phones when purchasing any goods. To cite an example, In a country
such
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as India seventy per cent of the
economy
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today is running through
such
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digital methods because of the convenience offered through
such
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applications.
Moreover
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, the fear of getting theft has
also
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been decreased which has indirectly been observed in lowering the crime ratio in the Nation.
In Addition
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, the technology has helped Government to track Black
money
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. It has played a key role in supporting ministries to run the
economy
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smoothly as all the transactions are being tracked by the officials,
due to
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which the incoming of Black
money
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has completely gone stopped, and
thus
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it made the
economy
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become tax-free in the present conditions.
For instance
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, IN the year 2017 Government of India started supporting the Digital
economy
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and they
also
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funded the startups that were interested to enter in the payments business, and from
then
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the figures of white
money
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increased followed by the rise of taxpayers in the country.
To conclude
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, the low usage of Currency notes leads to a lower manufacturing of Paper notes which impacted the environment positively.
Furthermore
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, The government is now able to track all the transactions so that they could easily figure out the taxable and the non-taxable human beings who are involved in the transaction process.
Submitted by madhur.bathla on

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

  • Introduction
  • Body paragraph 1 – advantages
  • Body paragraph 2 – disadvantages
  • Conclusion

Examples to start your body paragraph:

  • The main advantage is...
  • The disadvantage of this...
  • The main benefit...
  • Despite these advantages...
  • One possible drawback...

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