・How Apple killed the digital wallet | Mobile Payments Today
The concept of the digital wallet is now dead, and it’s been replaced by the physical-digital wallet.
By embedding the wallet into the device’s hardware Apple ensured that the next generation wallet will not be a software application, rather it will be as much a physical wallet as your current leather wallet is today. It is a fundamental and physical part of the device itself.
So, we are left with the death of the digital wallet concept and only the physical wallet survives, but in a mobile form. What does this mean? It means that banks can pretty much give up on their plans to launch their own wallets, they will need to partner with the operating system owners, or go home.