In many countries, paying for things using mobile phone (cellphone) app is becoming increasingly common. Does this development have more advantages or more disadvantages?
technology revolution is leading us to the era that never appeared in the imagination of our ancestors. , especially modern tap and pay method allows us to buy goods with just a tap of phone onto the POS machine, it is debatable that cashless payment is exposing ourselves on risk of compromising personal privacy and people rather adhere to conventional paper based payment, however using mobile phone to finalize payment seems has more advantages over traditional paper based payment, especially in the sense of lifting the restriction of payment location as well as time saving.
Cashless payment has more advantages over cash payment in terms of cashless payment, in other words, paid by phone or apps allows us to execute the paying behaviour online without visiting the vendor in person, for example, paying our utilities bill online is easier, simpler than visiting the governmental facilities physically, in re-shaping of paying method brings great convenience to us and undoubtedly mobile phone will gradually replace cash payment.
furthermore, cash payment will be overwhelmed by cashless payment due to it saves ample time, paying online enable us to make the payment with few taps on screen rather than queuing in front of counters, for instance, online payment made the grocery shopping less time consuming as it would simply completed with few click on laptop, whereas cash purchase requires ones to visit and spending time at brick and mortar store, thus online payment has absolute advantage compare to conventional payment method.
To conclude, paying with mobile phone offers us more flexibility on location and save more times, traditional payment has less to offer in this aspect, thus paying with apps has greater advantage than cash, as the trend goes, hypothetically cash will be replaced with apps payment in majority fields.
technology revolution is leading us to the era that never appeared in the imagination of our ancestors. ,
especially
modern tap and pay method
allows
us to
buy
goods
with
just
a tap of
phone
onto the POS machine, it is debatable that cashless
payment
is exposing ourselves on
risk
of compromising personal privacy and
people
rather
adhere to conventional paper based
payment
,
however
using mobile
phone
to finalize
payment
seems has more
advantages
over traditional paper based
payment
,
especially
in the sense of lifting the restriction of
payment
location
as well
as
time
saving.
Cashless
payment
has more
advantages
over
cash
payment
in terms of cashless
payment
,
in other words
, paid by
phone
or apps
allows
us to execute the
paying
behaviour
online
without visiting the vendor in person,
for example
,
paying
our utilities bill
online
is easier, simpler than visiting the governmental facilities
physically
, in re-shaping of
paying
method brings great convenience to us and
undoubtedly
mobile
phone
will
gradually
replace
cash
payment.
furthermore
,
cash
payment
will
be overwhelmed
by cashless
payment
due to it saves ample
time
,
paying
online
enable us to
make
the
payment
with few taps on screen
rather
than queuing in front of counters,
for instance
,
online
payment
made the grocery shopping less
time
consuming as it would
simply
completed with few click on laptop, whereas
cash
purchase
requires ones to visit and spending
time
at brick and mortar store,
thus
online
payment
has absolute
advantage
compare to conventional
payment
method.
To conclude
,
paying
with mobile
phone
offers us more flexibility on location and save more
times
, traditional
payment
has less to offer in this aspect,
thus
paying
with apps has greater
advantage
than
cash
, as the trend goes,
hypothetically
cash
will
be replaced
with apps
payment
in majority fields.