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It will be interesting to see some fraud detterent metrics from these commercial pilots: What is the fraud rate of current chip card transactions or NFC cards? And what is the fraud rate for fingerprint cards? 

Why use fingerprint cards when chip / NFC cards can do the same transaction in a secure manner? Is the sales pitch around giving card user the comfort that transaction is more secure using fingerprint? Also since the pandemic, the users prefer to have less physical contact in tranactions. 

This "me too" kind of approach towards mobile payments without a comprehensive customer journey and customer experience will not drive usage. We have seen this happen over and over again, with most of us repeatedly outling the very need for a rewards, coupon, loyalty based mechanism to draw in usage, upsell products, and build deeper relationships with brand. ChasePay will be allowed for use at Walmart - will they have a more comprehensive story to drive usage other than reward points i.e. coupons and recommendations!

In less than a decade death of the plastic! Well that will bode well in Australia and few other markets in Europe, the same cannot hold good for even other developed markets in Europe and US. Contactless usage, consumer subscription, and acceptance in individual markets will triangulate that growth and replacement timeline. 

There is credence in what ANZ cheif is saying specific to Australia. We are seeing that tremendous growth to contactless across Australia, Poland, Sweden, Netherlands, UK.. those are markets that will see consumers transition to mobile phones for payments while snapchatting away!