In many countries paying for things using mobile phones (cell phone ) apps is becoming increasingly common .Does this development have more advantages or disadvantages ?
In the modern world, the Fintech Industry is evolving at the fastest rate. With the restriction in mind, the payment industry has diversified itself to e-commerce, social media, and smartphone applications. I agree with the statement that the payment of services via mobile applications has more benefits in a number of countries.
As an initial point, the advancement of technology and the presence of highly skilled software engineers made it possible for the tech industry to connect mobile applications with the bank and deduct money from users’ accounts. For instance, the routing services for navigation on the road are easily availed by adding your credit card information to Google Play Store.
In addition, increasing the security of the payment gateway, settlement of payments, and accessibility to the Internet made it possible for individuals to pay their utility bills online. To illustrate, the Government of Pakistan launched an application to pay electricity bills at home while sitting at home. It helps the government to reduce the operational costs of the bank and reduce the hassle for customers to stand in long queues.
Last but not least, the financial industry increase the cap of payments to 100,000 dollars per annum. By increasing the transaction limit of online payments, individuals do not need to hire consultants to pay for their student fees. For example, the introduction of “wise” applications on smartphones made it easy for university fees by uploading supporting educational documents.
In conclusion, the benefits of payments in mobile applications led the fintech industry to increase the security of payments preventing hackers from gaining illegal access to user details and fraudulent activities. The accessibility of the Internet and instant transfer of money to the organization benefits all the users’ communities in various countries.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2023-08-16 | shahsajjad | 61 | view |
| 2023-05-26 | vinitpate2001@gmail.com | 84 | view |
| 2022-08-15 | yasaman-pooshidani | 73 | view |
| 2022-06-11 | minhhh123 | 84 | view |
| 2022-02-09 | bilal_chaudhry | 61 | view |
Transition Words or Phrases used:
but, if, so, while, for example, for instance, in addition, in conclusion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 2.0 13.1623246493 15% => More to be verbs wanted.
Auxiliary verbs: 1.0 7.85571142285 13% => OK
Conjunction : 8.0 10.4138276553 77% => OK
Relative clauses : 1.0 7.30460921844 14% => More relative clauses wanted.
Pronoun: 10.0 24.0651302605 42% => OK
Preposition: 51.0 41.998997996 121% => OK
Nominalization: 18.0 8.3376753507 216% => Less nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1604.0 1615.20841683 99% => OK
No of words: 291.0 315.596192385 92% => More content wanted.
Chars per words: 5.51202749141 5.12529762239 108% => OK
Fourth root words length: 4.13022058845 4.20363070211 98% => OK
Word Length SD: 3.11442978569 2.80592935109 111% => OK
Unique words: 161.0 176.041082164 91% => More unique words wanted.
Unique words percentage: 0.553264604811 0.561755894193 98% => OK
syllable_count: 497.7 506.74238477 98% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 2.0 5.43587174349 37% => OK
Article: 9.0 2.52805611222 356% => Less articles wanted as sentence beginning.
Subordination: 1.0 2.10420841683 48% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 6.0 4.76152304609 126% => OK
Performance on sentences:
How many sentences: 13.0 16.0721442886 81% => Need more sentences. Double check the format of sentences, make sure there is a space between two sentences, or have enough periods. And also check the lengths of sentences, maybe they are too long.
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 41.4060567847 49.4020404114 84% => OK
Chars per sentence: 123.384615385 106.682146367 116% => OK
Words per sentence: 22.3846153846 20.7667163134 108% => OK
Discourse Markers: 5.61538461538 7.06120827912 80% => OK
Paragraphs: 5.0 4.38176352705 114% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 9.0 8.67935871743 104% => OK
Sentences with negative sentiment : 2.0 3.9879759519 50% => More negative sentences wanted.
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.110640077254 0.244688304435 45% => OK
Sentence topic coherence: 0.0396713866843 0.084324248473 47% => OK
Sentence topic coherence SD: 0.0282010704372 0.0667982634062 42% => Sentences are similar to each other.
Paragraph topic coherence: 0.0616639261308 0.151304729494 41% => OK
Paragraph topic coherence SD: 0.0246813912323 0.056905535591 43% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 15.7 13.0946893788 120% => OK
flesch_reading_ease: 40.69 50.2224549098 81% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 13.1 11.3001002004 116% => OK
coleman_liau_index: 14.97 12.4159519038 121% => OK
dale_chall_readability_score: 9.72 8.58950901804 113% => OK
difficult_words: 92.0 78.4519038076 117% => OK
linsear_write_formula: 11.5 9.78957915832 117% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 11.0 10.7795591182 102% => OK
What are above readability scores?
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Rates: 61.797752809 out of 100
Scores by essay e-grader: 5.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.