1. Mobile network connectivity is the biggest impediment. Network problems and reliable and fast internet connectivity is not available in most of the developing countries.
2. No mobile no wallet:
If your mobile has been lost then mobile wallet is also lost and you will have to wait till you don’t purchase a new mobile.
3. They aren't always accepted.
4. Investment: The initial monetary investment for building a functional digital wallet application is quite large.
5. More than connectivity, security issues are at the forefront nowadays.
6. Device failure:
Smartphones are known for their hardware and software problems. Device failures limit the use of mobile wallets.
7. Even if they are accepted, they aren't all accepted.
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