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

It is often considered that paying bills through mobile

applications

is more convenient and common nowadays.

This

essay will examine the advantages and disadvantages of using mobile phone

applications

for

payments

. First and foremost, I would like to describe the advantages of using the apps for paying bills and making transactions.

Firstly

, the major benefit is convenience. Nowadays, it is easier to make transactions

while

sitting at home without having the need to go out for payment purposes.

For example

, HBL is an application

that is

mainly used for transaction purposes. It helps its customers to use the application for any type of transaction.

For example

, if someone wants to pay university fees when it is raining outside and they cannot go out

due to

the terrible weather. They can easily deposit the fees

while

sitting at home by using the HBL application. Technological advancement has made life easier as compared to the past.

On the other hand

, there are certain disadvantages of using mobile

applications

.

Firstly

, the major drawbacks are fraudulent activities associated with digital

payments

. What I mean to say is the apps that are used for

this

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

face consequences.

In addition

to that, another major demerit is that the

applications

demand extra charges or maybe some sort of interest in order to make

payments

.

For instance

, if I want to make a payment of a thousand rupees, I will have to pay 200 rupees additional charges as well.

To conclude

,

although

online

payments

have certain disadvantages, it has an extremely positive impact on people. I believe the merits of online

payments

outweigh its drawbacks.