In: Operations Management
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.
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.