In the future, people may no longer be able to pay for things in shops using cash. All payments may have to be made by card or using phones. Do you think this will happen one day? why do you thinks some people might not be happy to give up using Cash?

In
this
rapidly changing world, that day will be no longer when
people
may not be able to do their
payments
with
cash
for shopping items because most purchasers are not getting used to paying bills through only
bank
cards
or using the phone’s online
transaction
system.
However
, some
people
do not see
this
as a positive change. With the advancement and affordability of new technology, many
people
are able to own smartphones and chip-based
bank
cards
. These both items
also
come with a tap-based purchasing feature by which a buyer just needs to top their mobiles or
bank
cards
on a
transaction
machine to complete the billing.
Thus
, most
people
chose to pay online
instead
of juggling with time-consuming
cash
payments
.
Moreover
, several banks
also
provide discounts or free transactions on card
payments
to increase their
transaction
volumes.
Lastly
, most of the showroom owners have
also
started preferring to have automatic
transaction
machines which can be operated by consumers without any assistance to pay online.
This
helps
to
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the owners to hire fewer or almost no cashiers for their stores.
On the other hand
, despite so many benefits and advancements of technology in online payment systems, some
people
may dislike being dependable only on smartphone or card
payments
.
For example
, some old and uneducated
people
not only face hardship in paying online but
also
see
this
trend as a loss of socialising activity as they are not able to interact with the cashiers and make greetings with them.
In addition
, there are
also
increasing trends of facing online frauds by hackers easily if you ever lost your smartphone or
bank
cards
due to
these
transaction
features in them and may end up
with
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losing your all savings,
therefore
,
cash
payments
are still considered most safe and easy by some
people
,
To conclude
, there is a high chance that one day only
payments
with smartphones and
cards
will be available for purchasers to buy anything even though some
people
consider
cash
payments
as the most secure, scalable and easy mode to pay for items.
Submitted by harpalsingh6795 on

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Topic Vocabulary:
  • digital payments
  • convenient
  • efficiency
  • reduce crime
  • tangibility
  • privacy
  • limited access to technology
  • job losses
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