In today’s digital world the usage of mobile apps for day-to-day transactions has increased by leaps and bounds. There are some who have greatly accepted the ease of use digital transactions offer, while others argue it not to be secure. Likewise, there are benefits and flaws associated with the usage of these apps, this essay will discuss both the viewpoints with examples.
Firstly, there are millions of people around the world who own smartphones, these devices offer numerous useful applications which includes the apps for digital payments. These apps offer mobility for a user to transfer money from one device to the other with the help of the internet. Surprisingly, people have highly accepted this mode of settlement and are using it even more frequently than swiping their debit/credit cards. To Illustrate, a digital mobile payment app so-called as Paytm has offered retailers to accept the restitution just by scanning the barcode/QR Code, Instantly the payment gets transferred to the digital wallet. The main advantage of these apps is that the need to carry physical cash or card is not required.
On the other hand, there are a few disadvantages to the usage of these apps, such as it may not be suitable for somebody who is not friendly with electronic gadgets or maybe out of reach for the internet. Additionally, there is a threat of financial scams or digital fraud; as there are certain apps not regulated or authorized by the government. Although, the payment is managed by the bank through their ‘secure payment gateway’ systems and it requires authentication, usually by a text message (OTP) but there are chances of fraud when an unknown individual has access to the card and the phone. For Instance, One should strictly not provide any bank login related details to any random guy over the phone or in person.
To conclude, features like ease of use and fast transaction rate are a few of the numerous advantages of these apps which certainly may outweigh the disadvantages like monetary scams and frauds.
今、あなたの転職活動が加速する！ 今から総合商社を受けたいが、内定できる可能性は・・？今のままでマッキンゼー、BCGなど戦略コンサルに行けるかな・・？PEファンドに行きたい！...Posted on 2024/02/22
外資コンサル、外資投資銀行、GAFAM等グローバル企業の転職等で提出するカバーレターは、あなたの能力、経験、投資銀行業界への情熱を効果的に伝える重要なツールです。効果的なカバ...Posted on 2024/02/12
【MBA合格者全員必見！】MBA壮行会の裏側を すべて明かします！ 最初にして最後の負けられない戦いにどう勝利するか？MBA壮行会 2024圧勝準備方法！https://ww...Posted on 2024/02/09
こちらの教材を用いながら確実にステップアップしてください。Duolingoを3カ月で120点以上達成するための写真描写問題演習です。こちらの教材を用いながら確実にステップアッ...Posted on 2024/01/28
こちらの教材を用いながら確実にステップアップしてください。Duolingoを3カ月で120点以上達成するための写真描写問題演習です。こちらの教材を用いながら確実にステップアッ...Posted on 2024/01/01