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

As technologies develop, they become intertwined with various aspects of our lives.

One

example of

this

is mobile banking systems that gradually replace traditional

payment

methods.

While

I admit that there are certain concerns associated with paying via mobile applications, I still think that it offers far more advantages to

people

. On the

one

hand, I can understand public concerns regarding

this

practice. For

one

, accessing mobile

payment

systems requires users’ personal information, and they fear that it can be stolen by or sold to third parties.

One

example of how

this

fear has already turned into reality is the growing number of scammers who call

people

pretending to be their bank’s representatives. Unsuspicious victims give away all their personal information that can be

then

used in illegal activities, causing the original victim to be linked to a crime that they did not commit. Another concern expressed by some

people

is that all their financial activity can be traced and controlled by the government. In their opinion,

this

violates their fundamental rights to privacy in personal matters and might even contribute to the establishment of a totalitarian regime in the long. These

people

fear that the world portrayed by dystopian novelists of the past will become our future, so they, understandably, still prefer to use traditional

payment

methods.

However

, I would argue that the benefits that

this

technology brings outweigh all its possible drawbacks.

Firstly

, paying via mobile apps is simply more convenient than using cash

money

or coins. Using these apps reduces the speed of financial operations as customers do not spend extra time counting the

money

and receiving the change. Transactions can

also

be made remotely now, meaning that customers do not need to visit stores in person. I believe that all these factors contribute to a much greater shopping experience.

Secondly

,

people

’s financial security is

also

improving following the introduction and widespread availability of mobile

payment

systems. Unlike solid

money

, digital currency is harder to steal as personal bank accounts can be frozen on demand should any suspicious transaction be made. Stealing someone’s bank information is, in fact, not easy either because it is kept in safety under a wide range of encryption mechanisms. I admit that a lack of technical savviness can indeed lead ordinary

people

to lose large sums of

money

to scammers, but

this

is caused by their own carelessness and not by a flaw in the banking system. In conclusion, the development of mobile transactions can be associated with certain problems. Despite these, I strongly believe that these new

payment

methods are more advantageous as they improve the convenience and safety of financial operations.