The recent advancements in technology have changed the way we live. It has become the norm to pay for goods and services by different mobile phone apps. In my opinion, although this method of payment can be risky and can make people overspend, it is a fast and convenient way to do transactions.
Paying using phone apps can be a fast and convenient payment method. People can make online shopping from virtually anywhere in the world using these apps without even stepping out of their couches. Furthermore, most of the time, the transactions are being insured by the apps providers, so there is no risk of losing the money to cybercriminals. For example, all the transactions completed through Paypal are fully insured. Therefore, more and more people around the world are moving towards mobile apps payment methods; for instance, more than 50% of Americans used mobile phone apps for payment in 2018.
However, mobile phone apps payments can be risky and can even make people overspend. Apps payment methods are not fully prone to cybercriminals, especially if you are using the less secured apps. In addition, because shopping is very convenient, people often end up buying stuff which they do not actually need. For instance, a survey conducted by the Melbourne University concluded that an average Australian spent 20% more if they were purchasing using mobile phone apps as compared to the other payment methods.
In conclusion, mobile apps payments have become increasingly common in many parts of the world. In my opinion, the benefits of fast and convenient payment methods provided by mobile phone apps far outweigh the threats they may pose.
The recent advancements in technology have
changed
the way we
live
. It has become the norm to pay for
goods
and services by
different
mobile
phone
apps. In my opinion, although this
method
of
payment
can be risky and can
make
people
overspend, it is a
fast
and
convenient
way to do transactions.
Paying using
phone
apps can be a
fast
and
convenient
payment
method
.
People
can
make
online shopping from
virtually
anywhere in the world using these apps without even stepping out of their couches.
Furthermore
, most of the time, the transactions are
being insured
by the apps providers,
so
there is no
risk
of losing the money to cybercriminals.
For example
, all the transactions completed through
Paypal
are
fully
insured.
Therefore
, more and more
people
around the world are moving towards mobile
apps
payment
methods
;
for instance
, more than 50% of Americans
used
mobile
phone
apps for
payment
in 2018.
However
, mobile
phone
apps
payments
can be risky and can even
make
people
overspend. Apps
payment
methods
are not
fully
prone to cybercriminals,
especially
if you are using the less secured apps.
In addition
,
because
shopping is
very
convenient
,
people
often
end
up buying stuff which they do not actually need.
For instance
, a survey conducted by the Melbourne University concluded that an average Australian spent 20% more if they were purchasing using mobile
phone
apps as compared to the other
payment
methods.
In conclusion
, mobile apps
payments
have become
increasingly
common in
many
parts of the world. In my opinion, the benefits of
fast
and
convenient
payment
methods
provided by mobile
phone
apps far outweigh the threats they may pose.