Why is mobile payment out of favor?There are four reasons to be aware of
Cash payments protect privacy.
Cash payments are available in case of emergency.
While mobile** payments have become very convenient, they can also be limited in some cases. For example, in remote areas, the cell phone signal may be very weak, or it may not be possible to pay for other reasons. In addition, mobile payments may not be available if your phone is malfunctioning, delayed, or running low on battery. In this case, if you carry cash with you, you can solve the unexpected situation and meet some urgent payment needs. Especially in the event of natural disasters and other exceptional circumstances, such as floods, and other power outages, cash payments become the only reliable means of payment. Therefore, having some money in reserve can give us the ability to respond to unexpected situations.
Cash payments help control spending.
The convenience of digital currencies can sometimes become a trap for cash payments. Mobile payments make our wallets less bulky and we can pay with our mobile phones anytime, anywhere. However, this convenience can easily cost us more than expected. Especially for young people with relatively weak economic ability or consumption awareness, if they directly transfer their salary to their mobile wallets, it is inevitable that they will not be able to control the use of digital assets to pay, resulting in rapid consumption of cash and eventually having to take out loans to survive. This is not the case with cash payments, where we have to withdraw money manually to feel the true value of the money before each purchase, so that we can better control our spending needs. If in the first few days we find ourselves spending more, we will consciously live more frugally in the following days. In other words, the use of cash can help young people better control their consumption needs and achieve rational consumption.
Cash payments can increase happiness.
In addition to these reasons, there is an obvious benefit to paying with cash, which is the ability to increase people's happiness. On some occasions, cash payments bring more happiness and satisfaction to people. For example, when we attend a wedding, if we give the couple a thick wad of cash, it will impress them and show that we value them. Similarly, when we give red envelopes to the elderly and children, if they choose to pay in cash, they will feel more cared for and happy. Therefore, the use of cash on special occasions not only satisfies the need for payment, but also increases people's happiness.
Summary. Will we continue to use mobile payments in the future?This is an intriguing question. As a fast and convenient payment method, mobile payment will certainly continue to exist and evolve for a long time to come. However, the advantages of using cash to pay should not be overlooked, not only does it protect personal privacy and save time in a critical situation, but it also helps us control our spending and increase our sense of well-being. Of course, each payment method has its advantages and limitations, and we must choose the right payment method according to the specific situation and needs. Whether we use mobile payment or cash, we must consume rationally, maintain personal privacy in the process of use, and improve the quality of life and security.