Please evaluate In many countries, Paying for things using mobile phones(cellphones) apps is becoming increasingly commo
Posted: Sat Feb 13, 2021 1:18 pm
The advent of technology has indeed caused changes in various sectors; this includes buying and selling. Around the world, payment for goods and services through gadgets have increased. This essay will discuss the merits of this norm, which is the comfort and speed it provides, and also the sole drawback of it, namely breach of security.
Ease of payment and swiftness of transactions are primary reasons why electronic payment have become popular. For example, the train station at Abuja allows travelers to buy tickets online; on arrival the passenger only have to swipe their phone through a QR Code scanner that validates the order for the seat that was placed. Moreover, tourists want to go for a trip and do not have access to physical cash, this can be an unpleasing, but with a mobile phone this is easily handled.
A demerit to this form of buying is the security breach that sometimes occur. Hence, users become victims of cyber-crimes. Futhermore, Research from Financial Times reports that 10 in every 15 persons that carry out online transactions have at one time or the one being hacked leading to theft of their funds. Although, steps are being taken by online security vendors, such as Kaspesrky, to safeguard users, by attaching untraceable IP’s to mobile phones that connect to the internet and Two-factor authentication on very transaction that is to occur between the user’s bank and any online store.
In conclusion, the electronic way of purchasing goods and services add more value to life, because buyers can make purchases from the comfort of their homes, making it more advantageous over the security breach that occurs occasionally.
Ease of payment and swiftness of transactions are primary reasons why electronic payment have become popular. For example, the train station at Abuja allows travelers to buy tickets online; on arrival the passenger only have to swipe their phone through a QR Code scanner that validates the order for the seat that was placed. Moreover, tourists want to go for a trip and do not have access to physical cash, this can be an unpleasing, but with a mobile phone this is easily handled.
A demerit to this form of buying is the security breach that sometimes occur. Hence, users become victims of cyber-crimes. Futhermore, Research from Financial Times reports that 10 in every 15 persons that carry out online transactions have at one time or the one being hacked leading to theft of their funds. Although, steps are being taken by online security vendors, such as Kaspesrky, to safeguard users, by attaching untraceable IP’s to mobile phones that connect to the internet and Two-factor authentication on very transaction that is to occur between the user’s bank and any online store.
In conclusion, the electronic way of purchasing goods and services add more value to life, because buyers can make purchases from the comfort of their homes, making it more advantageous over the security breach that occurs occasionally.
