For the ones that think a wallet isn't required anymore because of Apple Pay. How are you going to transfer money to your friend (with any other device or without a smartphone), with a transfer rate of 0% without cash?
If that problem is solved, there can be a future for a walletless life.
It costs you guys money to make bank transfers? Wow. For the record, I can send and receive money (for free) from my phone only needing the other person's phone number at this point. (Australian. Also, I've never used the pay-to-phone stuff because I just prefer to use their account number. I can do that for free from my phone too.)
It strikes me that our NFC infrastructure is way better than yours too. Somewhat a reverse of most patterns in tech-infrastructure. It's just a pity Google won't support the Nexus' NFC capabilities in Australia - I bet Apple will.
In fact, in young circles (in the US), this seems to have become the defacto way of transferring money socially between individuals. I don't think I have paid someone I know with physical cash in years.
Any number of services support ths - I believe Wallet, Venmo, Paypal and Square all offer some form of fee-less peer-to-peer transfer, because it has such a high value for organic growth as people send money to friends.
If that problem is solved, there can be a future for a walletless life.