Today, many people use the internet and smart phones to transfer money to friends, family and businesss. Is this a positive or negative development?

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Nowadays, a lot of
people
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use the internet and smartphones when they want to
transfer
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money
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to friends, and businesses. In my opinion,
this
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is a positive development because
people
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can receive their
money
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fast , and it is a safe way.
Firstly
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, when
people
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use online banking, they can
transfer
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their
money
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within a short time.
In other words
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, by having banking apps,
people
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can
transfer
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money
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at any time they want and their family or friends can receive it within minutes.
For example
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, Yemeni students who live in a foreign country,
such
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as Malaysia can receive
money
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immediately from their parents through online banking
that is
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available in
this
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country, namely Ambank or Public Bank.
Thus
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,
this
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will benefit
people
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who need
money
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urgently.
Secondly
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,
people
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who
transfer
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their
money
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by using the internet will feel safe.
That is
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to say, they will not be worried about going to the bank late at night if there is an emergency.
This
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is because in some places, there are many thieves at night and they may steal
people
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, especially in the bank area.
For instance
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, if
people
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want to
transfer
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a huge amount of
money
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to their friends, they can do it in a safe way by being at home with their phones.
Therefore
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, online banking can reduce the crime rate and definitely help
people
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not to be in trouble. In conclusion, in my opinion, when
people
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transfer
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money
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online, they can gain several benefits, so
this
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is definitely a positive development. If anyone wants to send
money
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in a fast and safe way, online banking is the answer.
Submitted by s_syedy on

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