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 considered that paying bills through mobile
applications
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is more convenient and common nowadays.
This
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essay will examine the advantages and disadvantages of using mobile phone
applications
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for
payments
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. First and foremost, I would like to describe the advantages of using the apps for paying bills and making transactions.
Firstly
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, the major benefit is convenience. Nowadays, it is easier to make transactions
while
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sitting at home without having the need to go out for payment purposes.
For example
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, HBL is an application
that is
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mainly used for transaction purposes. It helps its customers to use the application for any type of transaction.
For example
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, if someone wants to pay university fees when it is raining outside and they cannot go out
due to
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the terrible weather. They can easily deposit the fees
while
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sitting at home by using the HBL application. Technological advancement has made life easier as compared to the past.
On the other hand
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, there are certain disadvantages of using mobile
applications
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.
Firstly
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, the major drawbacks are fraudulent activities associated with digital
payments
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. What I mean to say is the apps that are used for
this
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purpose are sometimes not so popular and people usually have very little knowledge about it. Without awareness and proper knowledge, they use the apps and
as a result
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face consequences.
In addition
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to that, another major demerit is that the
applications
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demand extra charges or maybe some sort of interest in order to make
payments
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.
For instance
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, if I want to make a payment of a thousand rupees, I will have to pay 200 rupees additional charges as well.
To conclude
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,
although
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online
payments
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have certain disadvantages, it has an extremely positive impact on people. I believe the merits of online
payments
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outweigh its drawbacks.
Submitted by tania4malik on

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