One of the most important things around which the world revolves is money. It affects almost all aspects of life, including social and mental ones. Almost everyone in this world gives their whole life in the pursuit of obtaining their desired amount of money. People almost give their hundred per cent to achieve what they can and to live off it. But obtaining money is not that easy as it seems.
Some people give the hundred per cent, and even then, they cannot achieve the desired amount of money which can later cause depression and many mental problems. But one thing that people can talk about that has affected a common person’s life is how the process of transactions has been changed in the recent past. Now people can transfer money through online mobile banking, which has made a common person’s life much easier.
History of transactions:
earlier, the only mode of transaction in which people used to transfer their money was a physical one. People used to buy or sell anything in cash or through any other worldly thing with the same value as the corresponding opposite item. but as the world evolved and progressed, the world of technology came through. This development was also seen in the money sector. nowadays transaction between two people or any two companies or any two entity can happen through various means.
Online mobile banking:
One of the most used and widespread transaction methods that is happening right now in this world is online mobile banking. one can transfer money from their phone to another person on their phone through various apps and mobile banks. Apps such as Google pay, you pay, phonepe use this method. One just needs to link their bank account details to these apps and from there they can access the world of mobile banking and purchase any item through them. The world of online mobile banking is now easily overtaking the world of debit and credit cards and also challenging the use of cash for transactions. one issue that many people face while using these apps is the issue of trust of giving a person’s hard-earned money to these apps and using it through them. but these apps are regulated by government bodies, so they are very much safe and secure.
People should use online mobile banking.