11th Class Business Studies Business Services Question Bank Business Services (Higher)

  • question_answer
    E-Wallets are an easy and faster way to make payments still are not pure blessings. Do you agree? Justify.


    Ans.     Yes I agree, E-Wallets are easy and faster way to make payment but have some limitations.
    (a) These apps are good if you send money to a wallet to another. But if you want to send money to a bank account these apps are not suitable.     
    (b) Also, you have to be extra careful with these apps. These apps do not ask for any PIN or password when you perform a transaction using your wallet money.
    (c) If you do not lock your phone, anyone can use the money in your wallet.
    You must lock your phone if you want to use E-Wallet apps.

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