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 mobile phones. Do you think this will happen one day? Why do you think some people might not be happy to give up using cash?

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Today’s
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In today’s
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modern society, many
people
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choose to purchase items without using currency rather than make payments through digital
applications
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and different types of bank
cards
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such
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as credit and debit
cards
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. In
this
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essay, I will discuss
further
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processes
about
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for
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digital payments in the near future and a few reasons why some
people
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might not be happy about
this
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change.
To begin
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with
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,with
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new technology, software development reaches the top gradually day by day. Simple processes like writing letters to complex tasks
such
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as surgeries,
technology
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and technology
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is
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are
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being implemented. The new generation
also
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catches
this
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high tech as they can do better than the old adults.
For example
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, online banking
applications
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introduced by banks are mostly used by youngsters.
Due to
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their busy lifestyle, young
people
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kept their time using these apps without wasting time in public queues in banks.
Furthermore
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, 70% of citizens use their bank
cards
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to purchase things when shopping. In the recent past, mobile apps were developed in a way that they are able to pay via the QR code.
Therefore
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, the trend for using digital money is increasing and being adopted by the
overall
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global population.
On the other hand
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, a few communities of old
people
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are not going
along with
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the fast technology.
For example
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, in Myanmar, many elders do not trust bank
cards
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and they use very basic mobile phones without complex mobile
applications
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due to
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a lack of knowledge.
As a result
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,
usually
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,usually
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they try to keep the cash with them for any purpose.
Thus
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, some
people
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are not going to put away their habit of using physical currency in hand. In conclusion,
although
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one day the payment would be done electronically, the
applications
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can still be designed for society who are unhappy about
this
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development to manage their cash the same as the previous time.
However
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, the majority of the world population will be converted to only alternate channels.
Submitted by shooneaindraykhin 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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