Comment by mytailorisrich

But why would we want to take a step back when we have contactless right now? This makes little sense... It is worse UX and does not work (I think) for quick things like taking the bus or underground.

Again, China has what is has because people had phones but no payment cards, and they don't have "software freedom" either (whatever that means): They are fully bound to the two providers (Alipay and WeChat) which provide accounts to a point now that is much worse that my dependency or Visa or Mastercard here in Europe because most places now do not accept anything else.

What would make sense is for the likes of Wero to find a way to support contactless so people can just tap exactly as they do now. As said by another commenter, this does not require a physical card (and already exists with Apple Pay and Google Pay). Frankly, Wero is a solution looking for a problem at this point in time...