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

It cannot be denied that handling financial matters has become more convenient for people today. Even they have started to send

money

for their personal affairs

as well as

for their work through the Internet and mobile phones. Indeed,

this

is a positive improvement for the general public as

this

method is fast and safe. It has been suggested that banking online can help individuals save a lot of time. It is common knowledge that the introduction of online services with regard to managing

one

's income or budget has enabled everyone to actually sit at home and transfer

money

to other accounts, let it be to friends or business partners, with few clicks on a mobile device connected to the internet. It is obviously a faster way to send

money

compared to the traditional

one

, which requires the sender to commute to banks, wait in queues and waste at least

one

hour of his busy schedule. Case in point, most employed men and women find

this

beneficial

due to

the fact they can lend

money

to their family members in a remote location instantly. In the same way, many people have claimed that the rise of

this

trend is because it guarantees safety on many fronts.

In other words

, first of all, it is not a good idea to bring or take a large amount of cash to or from the bank in person as

one

may fall victim to a street robbery. To avoid

such

scenarios, anyone can use their smartphones and certain apps to transfer their

money

without worrying about anything. Especially in terms of massive transactions, sending the

money

to somebody's car directly will prevent many hurdles, namely unnecessary paperwork and attention from strangers. Not only companies doing business but

also

foreign students receiving their monthly coverage from their home country can feel safe with

this

revolutionary method, which is a good example. In

this

day and age, the internet and phones are used to transfer

money

between folks for numerous purposes. It can be concluded that it is a positive development for the world, thanks to the convenience it offers.