Mobile Wallet - Advantages and Disadvantages

Mobile Wallet is a handy technology that allows one to safely and securely spend and transfer money. It also allows one to keep track of the expenditure as they can easily pull up the list of places they spend the money. However, there are two main concerns of a Mobile Wallet. One is that it may not be widespread. Every merchant, especially the smaller ones, might not accept digital transfers instead of cash. The second is a security concern. Being a digital medium puts the Mobile Wallet at a risk from hackers and frauds. But, today the advantages of Mobile Wallet are far outweighing the disadvantages, and more and more people are adopting it.

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