Recent reports that Apple’s iPhone 5 and iPad 2 will support Near Field Communications technology sparked chatter about how e-wallets soon will be the death knell for the leather variety. No one is disputing that contactless payment systems are coming to a smartphone near you. Even if I had been long pining for this functionality, neither that longing nor the arrival of the functionality would allow me to lose the leather. But after my future phone and my carrier and all of these merchants and institutions have rendered my wallet obsolete we’re still left with a couple of issues.
Source: https://www.networkworld.com/article/2199953/why-an-e-wallet-won-t-replace-my-leather-one.html