In many countries, paying for things using mobile phone app is becoming increasingly common. Does these development have more advantages or disadvantages?
It is undoubtedly true that the use of online payment methods is increasing at a great pace.
However
, I believe that the online payment method has more advantages than its demerits. I will discuss the merits in the upcoming paragraphs.
To commence with the major pros of this
trend are that it is very convenient and portable. For example
, India has previously launched the U.P.I method for payments. The vast majority of folks have made the practice of this
method and transactions through this
procedure after purchasing anything. To elaborate on this
, paying bills through online applications provides comfort to individuals. This
gives the independence to the masses to make transactions in lakhs or even in crores. Consequently
, folks feel better after the instant transaction.
Moreover
, paying online is the best way to reduce the risk of the thieves. For instance
, In third-world nations, folks have no knowledge of this
technique and individuals always carry currency along with
them which is often snatched by poachers. To explain this
, if someone carries a large amount of currency along with
them, this
always enables the criminals to commit the crime and steal cash If they make use of this
kind of technique then
they do not need to worry about pochers. As a result
, dealers are always in fear of carrying huge amounts of cash.
On the other side, many make arguments about the Process. They feel that it would be very difficult for those people who are old and illiterate they may be unable to make payments through this
technique. Furthermore
, this
also
enhances the chances of fraud due to
some having no appropriate details about how to handle these applications. Less knowledge of this
procedure always provokes hackers to cheat with the polite public.
Taking everything into consideration, online transaction applications are very useful for transferring money instantly but due to
some risks, everyone has to take it with care as well the government makes sure to make this
as secure as they can.Submitted by jagdeepsandhu357 on
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Address all aspects of the task, ensuring that your response clearly discusses the prevalence of mobile payment apps and evaluates both the advantages and disadvantages. Your position should be clear throughout the essay.
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