You say this as if having a physical wallet doesn't also have huge downsides in exchange for being physical.
If you drop your wallet and lose it, someone has access to everything you have and any accounts tied to anything in your wallet. If you lose your phone, they get nothing.
If you have a physical card and it's been worn down, it will fail to scan. That's never an issue with digital cards.
Physical wallets have physical limits to how much they can carry without being a giant lump in your clothing. Digital wallets stay the same size no matter what you put in them.
Physical wallets are limited to what you put in them. If you forget a punch card, boarding pass, or ticket, you have no recourse. Digital wallets never lose anything and always have ways to retrieve the passes or cards within them.
We could go on and on but both options have advantages and disadvantages...
If you drop your wallet and lose it, someone has access to everything you have and any accounts tied to anything in your wallet. If you lose your phone, they get nothing.
If you have a physical card and it's been worn down, it will fail to scan. That's never an issue with digital cards.
Physical wallets have physical limits to how much they can carry without being a giant lump in your clothing. Digital wallets stay the same size no matter what you put in them.
Physical wallets are limited to what you put in them. If you forget a punch card, boarding pass, or ticket, you have no recourse. Digital wallets never lose anything and always have ways to retrieve the passes or cards within them.
We could go on and on but both options have advantages and disadvantages...