[pilif]

For me, Apple Pay has two advantages over a contactless card:

- it's only active after explicit user interaction. There is no way for somebody with an rogue device to steal money from me.

- conversely, there's no limit after which a transaction requires pin entry. Here in Switzerland, the limit for contactless cards is CHF 50 after which you have to still type in your pin. With Apple Pay, there is no limit.

Both of these make Apple Pay very valuable to me.

There's one more thing: I also have a contactless debit card (which I would love to be available on Apple Pay, but that's probably never going to happen) and the moment a reader detects more than one card, it refuses contacless operation.

By having the credit card on the watch, they are separated far enough from each other, so I can always pay contactless. This is a problem that would be fixable with better UX on the readers.

[semi-extrinsic]

If explicit user interaction is a big deal, why don't banks make contactless cards with a thumb button you have to hold when swiping? Just a physical breaker in the NFC antenna circuit, it would be dead simple, as slim as you want, not need any power, and cheap.