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In Many Countries, Paying For Things Using Mobile Phones Is Becoming Increasingly Common |

In Many Countries, Paying For Things Using Mobile Phones Is Becoming Increasingly Common | WjQW

In this contemporary era, mobile payments have been growing rapidly. Paying for goods and services via mobile phones is becoming popular not only in developed countries but also in many developing countries across the globe. Since everything has two sides, this essay will discuss the pros and cons of this type of payment. Talking about the positives first, the most obvious one is the convenience it offers to people. In other words, one does not need to carry cash or exact change to buy a product and can pay using a single tap. Secondly, payments through a digital platform are recorded digitally. Therefore, one does not have to keep track of the transaction, which makes expense management a breeze. For example, Paytm, an online payment platform, allows people to send and receive money as well as pay for goods and services. Thus, people tend to use these platforms more rather than relying on traditional methods. Having said that, there are several drawbacks to using these digital platforms. Firstly, such apps are frequently prone to cyber-attacks. That is to say, payment banks do not have the level of security features which a regular bank boasts of. As a result, many people using these apps fall prey to hackers. Financial information saved on the mobile phone can also get exposed and misused if the device is stolen. To conclude, making payments via mobile apps certainly poses some security concerns; even so, in my opinion, the advantages offered by these platforms outweigh the disadvantages because they allow instant transfer of money from anywhere and at any time. The security concerns can be mitigated to a great extent by taking adequate precautions.

In this contemporary era, mobile You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payments
 have been growing rapidly
. Paying for This phrase/word (depending on the context) can be potentially replaced with :productscommoditiesmerchandises
goods
 and services via mobile phones is becoming popular not This phrase/word (depending on the context) can be potentially replaced with :exclusively
only
 in This phrase/word (depending on the context) can be potentially replaced with :developed nationscountries with a strong economyindustrialized nation
developed countries
This phrase/word is too simple and can be replaced with:on the contrary
but
also
 in This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
This phrase/word (depending on the context) can be potentially replaced with :Third World countrieslow-income countries
developing countries
 across the globe. Since everything has two sides, this essay will discuss the pros and cons of this type of payment.

Talking about the positives first
, the most obvious one is the convenience it offers to You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
. In other words
, one does not need to carry cash or exact This phrase/word (depending on the context) can be potentially replaced with :alteradjust
change
 to This phrase/word (depending on the context) can be potentially replaced with :purchase
buy
 a product and can pay using a single tap. Secondly
, You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payments
 through a digital You use this word too often, consider replacing it withpodiumterracefloor
platform
are recorded
digitally
. Therefore
, one does not This phrase/word is too simple and can be replaced with:ought to
have to
This phrase/word (depending on the context) can be potentially replaced with :retain
keep
This phrase/word (depending on the context) can be potentially replaced with :monitor
track
 of the transaction, which This phrase/word (depending on the context) can be potentially replaced with :createsconstructsmanufacturesproduces
makes
 expense management a breeze. For example
, Possible spelling mistake found.PartPartyPartsPastPayPath
Paytm
, an online You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payment
You use this word too often, consider replacing it withpodiumterracefloor
platform
, This phrase/word (depending on the context) can be potentially replaced with :authorizes
allows
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 to This phrase/word (depending on the context) can be potentially replaced with :transmit
send
 and receive money as well
 as pay for This phrase/word (depending on the context) can be potentially replaced with :productscommoditiesmerchandises
goods
 and services. Thus
, You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 tend to This phrase/word (depending on the context) can be potentially replaced with :exploit
use
 these You use this word too often, consider replacing it withpodiumterracefloor
platforms
 more rather
 than relying on traditional methods.

Having said that, there are several drawbacks to using these digital You use this word too often, consider replacing it withpodiumterracefloor
platforms
. Firstly
, such apps are frequently
 prone to cyber-attacks. That is
 to say, You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payment
 banks do not have the level of security features which a regular bank boasts of. As a result
, This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
You use this word too often, consider replacing it withcrowdfamilycommunitynationsocietypublic
people
 using these apps fall prey to hackers. Financial information saved on the mobile phone can also
This phrase/word (depending on the context) can be potentially replaced with :acquire
get
 exposed and misused if the device is stolen
.

To conclude
, making You use this word too often, consider replacing it withrefundreturnsettlementrestitutionwagefee
payments
 via mobile apps certainly
 poses This phrase/word is too simple and can be replaced with:a number of
some
 security concerns; even This phrase/word is too simple and can be replaced with:consequently
so
, in my opinion, the advantages offered by these You use this word too often, consider replacing it withpodiumterracefloor
platforms
 outweigh the disadvantages This phrase/word is too simple and can be replaced with:due to the factin light of the fact thatowing to the fact that
because
 they This phrase/word (depending on the context) can be potentially replaced with :authorize
allow
 instant transfer of money from anywhere and at any time. The security concerns can be mitigated
 to a great extent by taking adequate precautions. 