Question

In: Operations Management

You are a newspaper columnist who often expresses matters of interest to your readers. Write a...

You are a newspaper columnist who often expresses matters of interest to your readers. Write a paragraph of comparison and contrast on one of the following topics:
A) E-wallet versus cash.
B) Canned versus fresh food.
Your paragraph should include a topic sentence, supporting statements, a concluding sentence, and should be about 150 words. Give a suitable title for the paragraph. you are required to write a paragraph of compare and contrast in about 150 words.

Solutions

Expert Solution

E-wallet vs Cash


The innovation of digital payments has created a contradiction between e-wallet and cash. Most of the tech-savvy people prefer e-wallet while some others still prefer the conventional method of payment which is cash payment. Both the payment methods have a separate target audience. Additionally, there is some audience as well who use both the methods according to situation. Both the payment methods have reliability and non-reliability.
Moreover, both are effective in a monetary transaction. However, there are differences s well. E-wallet does not require any hardcopy of money as it is required in a cash payment. E-wallet has different payment methods; for example- mobile bank, niche banking, bank to bank payment from mobile, and mobile to bank payment. Thus, only a smartphone is enough for using e-wallet.
On the contrary, cash payment does not have such large payment options. Furthermore, e-voucher, e-gifts, and emergency payments can be conducted without visiting the spot or the person who is not available in cash payment where physical visit is must. However, there are risk factors in both kinds of payments in the era of digital theft, data hacking, and monetary corruption. Balanced use of both should be the ultimate choice.


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