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

In recent years, significant advancements have been made in mobile phones and

apps

, which are changing the transaction methods between buyers and sellers. people are using numerous mobile applications to pay their day-to-day expenses. I believe that the pros are far better than the cons.

To begin

with, paying through mobile

apps

is the most safe way of payment as the public gets rid of keeping cash.

Also

, they no longer need to worry about getting their money stolen by thieves.

Due to

this

, they feel less tense and can focus better on the other task at a time.

Apart from

this

, online payments save a lot of time and cashier costs for shopkeepers, which helps to grow their business by serving more customers in a limited time.

For example

, a report presented by the Economic Times suggests that businesses having app payment options available have shown around a 10% increase in their yearly sales. On the other side, there are some undeniable drawbacks to paying through that.

Firstly

, despite cell phone

apps

having promising security, there is a potential risk of fraud

as well as

cyber-attacks, which can steal sensitive information

such

as credit card details or cell phone pins.

consequently

, the masses may have to face financial losses without their knowledge.

Furthermore

, cell phones require a high-speed internet connection to make transactions using

apps

.

That is

a difficult challenge for many countries to provide

such

amenities in every part of the nation as they are still developing.

To conclude

, paying for things using phone

apps

certainly has concerns like safety and network barriers for some parts of the world;

However

, I strongly believe that the economic and customer benefits of the trend are more advantageous for the population around the world.