Today, many people use the internet and smartphones to transfer money to their friends, relatives, and businesses.
Is this a positive or negative development?
Technology is evolving with accelerating pace and everything unimaginable is possible today, which include online transactions between people. Thus, society is utilizing the function of internet money transfer at full potential. Although every aspect has both pros and cons, this essay will elaborate both trends and conclude to a negative side.
To begin with, online transactions can result in loss of private data, and it always comes with several unwanted costs. While doing a transfer on the internet, we risk our personal information such as bank records, demographics and (sometimes) bio-graphics (too), to a number of intermediaries in that transaction. As a result, there can be a leak of such crucial data to hackers and fraudsters. Other than privacy loss, the “mediators”, who facilitate all of this process, charge unreasonable amounts from to the user. For instance, a normal immediate payment (IMPS) of thousand rupees will cost twenty rupees extra, if you are using any online app. In addition to these official charges, some hidden costs like the internet fee or telephone banking charges are also collected from the client, which are totally unknown to him.
Apart from certain harmful effects, has the internet banking anything advantageous to offer? The answer is definitely yes. Firstly, by using online fund transfer system (or E-banking) one can effortlessly do any transactions related to money, at his (or her) own place, and do not need to visit the branch as in normal banking. Furthermore, it results in less frequent trips to the head office of users’ bank, which help in saving travelling expenses for the client. For example, a recent study in India showed that people prefer online transactions because it was cheaper than paying fuel bills for visiting the bank weekly. Therefore, utilization of online transfer mechanism comes in handy benefits of convenience and savings.
To summarize, it may be complicated to decide whether use of the internet and smartphones for something vital as money transfer is positive or negative development, but it is clear that risking privacy and important data for some negligible savings or comfort, is truly not a beneficial situation.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2022-11-18 | rishabhk4896@gmail.com | 89 | view |
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- Nowadays experience is more valued in the workplace than knowledge in many countries Do you think the advantages of this outweigh the disadvantages 84
- Many governments think that economic progress is their most important goal Some people however think that other types of progress are equally important for a country Discuss both views and give your own opinion 79
- In the future nobody will buy printed newspaper or books because they will be able to read everything they want online without paying Do you agree or disagree 84
Transition Words or Phrases used:
also, but, first, firstly, furthermore, if, may, so, therefore, thus, while, apart from, for example, for instance, in addition, such as, as a result, to begin with
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 13.0 13.1623246493 99% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 16.0 10.4138276553 154% => OK
Relative clauses : 7.0 7.30460921844 96% => OK
Pronoun: 17.0 24.0651302605 71% => OK
Preposition: 42.0 41.998997996 100% => OK
Nominalization: 10.0 8.3376753507 120% => OK
Performance on vocabulary words:
No of characters: 1860.0 1615.20841683 115% => OK
No of words: 351.0 315.596192385 111% => OK
Chars per words: 5.29914529915 5.12529762239 103% => OK
Fourth root words length: 4.32839392791 4.20363070211 103% => OK
Word Length SD: 2.91394083828 2.80592935109 104% => OK
Unique words: 225.0 176.041082164 128% => OK
Unique words percentage: 0.641025641026 0.561755894193 114% => OK
syllable_count: 583.2 506.74238477 115% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 5.43587174349 74% => OK
Article: 4.0 2.52805611222 158% => OK
Subordination: 4.0 2.10420841683 190% => OK
Conjunction: 3.0 0.809619238477 371% => Less conjunction wanted as sentence beginning.
Preposition: 7.0 4.76152304609 147% => OK
Performance on sentences:
How many sentences: 16.0 16.0721442886 100% => OK
Sentence length: 21.0 20.2975951904 103% => OK
Sentence length SD: 59.2620966027 49.4020404114 120% => OK
Chars per sentence: 116.25 106.682146367 109% => OK
Words per sentence: 21.9375 20.7667163134 106% => OK
Discourse Markers: 10.25 7.06120827912 145% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 5.0 8.67935871743 58% => More positive sentences wanted.
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 5.0 3.4128256513 147% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.182307383206 0.244688304435 75% => OK
Sentence topic coherence: 0.0494103690836 0.084324248473 59% => OK
Sentence topic coherence SD: 0.0511703865317 0.0667982634062 77% => OK
Paragraph topic coherence: 0.118894879316 0.151304729494 79% => OK
Paragraph topic coherence SD: 0.0472480154028 0.056905535591 83% => OK
Essay readability:
automated_readability_index: 14.5 13.0946893788 111% => OK
flesch_reading_ease: 41.7 50.2224549098 83% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 12.7 11.3001002004 112% => OK
coleman_liau_index: 13.46 12.4159519038 108% => OK
dale_chall_readability_score: 9.54 8.58950901804 111% => OK
difficult_words: 108.0 78.4519038076 138% => OK
linsear_write_formula: 12.0 9.78957915832 123% => OK
gunning_fog: 10.4 10.1190380762 103% => OK
text_standard: 13.0 10.7795591182 121% => OK
What are above readability scores?
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Rates: 89.8876404494 out of 100
Scores by essay e-grader: 8.0 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.