Authors: Amal prawin, Sanjay P K, Mrs.Haseena
Abstract: The surge in digital payment systems, facilitated through mobile phones, has revolutionized the financial landscape, promising convenience, accessibility, and efficiency. However, amid this rapid digital transformation, various challenges and problems have emerged, necessitating comprehensive examination. This study delves into the intricate fabric of mobile phone-based digital payment systems, aiming to identify and analyse the multifaceted hurdles impeding their seamless operation. Drawing upon extensive literature review and empirical research, this study navigates through the labyrinth of challenges encountered in digital payment ecosystems. From technological limitations to socio-economic disparities, from security concerns to regulatory complexities, the spectrum of impediments is diverse and far-reaching. The research employs both qualitative and quantitative methodologies to unravel the underlying dynamics and discern patterns amidst the chaos.
DOI: http://doi.org/10.5281/zenodo.20617421
