Apple is going to be the one who kills the wallet

Created by Apple and designed for iPhone, Apple Card brings together Apple’s hardware, software and services to transform the entire credit card experience.
Created by Apple and designed for iPhone, Apple Card brings together Apple’s hardware, software and services to transform the entire credit card experience.

Apple is uniquely positioned to be the one company that finally kills off the ol’ wallet.

Mike Murphy, Quartz:

Earlier this week, I managed to do something that’s generally been impossible in New York City: I didn’t take my wallet out for two days straight, and still managed to pay for food, get around, and live my life. I didn’t even have to try… It was magical…

Apple seems uniquely positioned to kill off the wallet. It’s trying to kill off the credit card with Apple Pay and its own digital card. It’s already brought tickets, boarding passes, loyalty cards, and cash cards out of the wallet and into the phone. How much is left?

It’s nice, on some level, to envision a future where all you need to remember when you go out of the house is your phone or watch, and Apple certainly seems to be ushering us into that vision. But whether we’ve thought through every possible outcome of that world, other whether we really need it (just put your keys in your bag, maybe?), is still up for debate.

MacDailyNews Take: Just last evening we ran out to the local convenience store to pick up some bread and half and half and realized we’d forgotten our wallets. Good thing we had our Apple Watches on our wrists! With a flick of a wrist, we paid with Apple Pay on our Apple Card. Couldn’t have been easier and no antiquated wallet, cash, or physical card required – plus 2% Daily Cash back!

[Thanks to MacDailyNews Reader “Ladd” for the heads up.]

25 Comments

  1. In the USA this might be true but, elsewhere in the world, where we use chip cards and just “tap and go” (no pin required below a certain value) it is much less hassle to pull a card out of your wallet and tap the cash register terminal than to turn on the iPhone, select Apple Pay, choose your credit card and wave the phone at the terminal.

  2. I can’t even get Apple’s digital Wallet App to work reliably at airport boarding pass scanners. Why should we trust Apple to get banking “fixed”. Apple is like every other corporation with a walled garden, treating its penned sheep like they cannot possibly live life without relying on every single one of Apple Megacorp’s fabulous smorgasbord of half baked services.

    By the way, the Apple Watch hasn’t saved me any time or money. It’s just another battery draining gadget that replaces nothing.

    Apple can pry my leather wallet with my family’s crinkled old photos out of my cold dead hands.

  3. Forgot my wallet the other day, had my phone so could still get around. Forgot my phone recently but had my wallet and because I was just popping out and was already closer to my destination than home I didn’t go back. Ultimately I think it never hurts to have a backup.

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