Online payment through mobile devices have become increasing popular among certain demographics of society. While it has its own set of advantages which includes easier payment system and reduced paper cash, it has got its set of disadvantages as well like increase in fraudulant cases and hacking of account using vaious techniques. This essay will showcase both advantages and disadvantages of payment through mobile phones.
Certainly many people feel that, only payment have become an easier source of payment to use any services. Most of the transaction is being done by mobile phones using qr code in which customer just scan a code and the payment is transfered to the shops owner account. One such example of an app that provides this facility is paypal. Another advantage of this system can be reduced cash flow which can help in reducing a lot of energy in making paper cash. For example, In India most of the payemnts ae carried out using mobile phone apps.
As we know there two sides two a coin, hence there are disadvantages of using the payment portal available as your hands. Main disadvantage can be uses of fake qr code by miscreants to gain access to customers account. One incident happened in India where a lady was send a fake code to scan and all her money in the account was stolen by the hacker. It also leads ro phissing activities in the world, where many people are send bogus messages relating to the fake transaction activities and steal their information. For example, many people in US gets fake phissing messages on their device to get help with the account.
In conclusion, there are both advantages and disadvantages with use of online payment portal. It is up to the people and be aware while using these technolohies.
Online
payment
through mobile devices have become increasing popular among certain demographics of society. While it has its
own
set of
advantages
which includes easier
payment
system and
reduced
paper cash, it has
got
its set of disadvantages
as well
like increase in
fraudulant
cases and hacking of
account
using
vaious
techniques. This essay will showcase both
advantages
and disadvantages of
payment
through mobile phones.
Certainly
many
people
feel that,
only
payment
have become an easier source of
payment
to
use
any services. Most of the transaction is
being done
by mobile phones using qr code in which customer
just
scan a code and the
payment
is
transfered
to the
shops
owner
account
. One such example of an app that provides this facility is
paypal
. Another
advantage
of this system can be
reduced
cash flow which can
help
in reducing
a lot of
energy in making paper cash.
For example
, In India most of the
payemnts
ae
carried out using mobile phone apps.
As we know there two sides two a coin,
hence
there are disadvantages of using the
payment
portal available as your hands. Main
disadvantage
can be
uses
of
fake
qr code by miscreants to gain access to customers
account
. One incident happened in India where a lady was
send
a
fake
code to scan and all her money in the
account
was stolen
by the hacker. It
also
leads
ro
phissing
activities in the world, where
many
people
are
send
bogus messages relating to the
fake
transaction activities and steal their information.
For example
,
many
people
in US
gets
fake
phissing
messages on their device to
get
help
with the account.
In conclusion
, there are both
advantages
and disadvantages with
use
of online
payment
portal. It is up to the
people
and be aware while using these
technolohies
.