[graham_paul]

You are paying a price for that. The second someone steals your phone, you lose it, drop in into water or your battery runs off, you are temporarily poor and if you might find yourself in trouble if you can't get somewhere where you can charge your phone

[asutekku]

The second someone steals my cash i don’t have it anymore. If someone steals my phone, it is locked and the money attributed to it are safe. Sure, i may have lost my phone but my money is safe.

[graham_paul]

If someone steals your cash (as much cash as you can carry): you don't have it anymore.

If someone steals your phone (you will lose at least the value you paid for the phone) and once they force you to unlock the phone and to hand over the passwords, you will lose:

- as much cash as they can take out before you can access a device that will allow you to freeze the card

you will also be a more attractive target for hacking (especially if you are using Android and your phone is like the vast majority of targets that receives security updates very late or it simply does not receive them)

Seen it happen more than once. Yes, you are smart but so are thiefs

[asutekku]

Most phone thieves (at least in europe) take it out of your pocket in a busy place. They are not making you unlock yout phone.

[graham_paul]

In that particular case, you still lose a device you paid a lot of money to have and you might even lose any data not backed up

[throwaway_pdp09]

Of interest, and I really don't know as I've never had a smartphone, if your phone is stolen, what stops it being used to pay for something? The point of the convenience was - I thought - that you just swipe. Couldn't a thief?

Also how do you do anything if your phone is gone - travel, call, let the bank know, buy a new phone, let your partner know you're in trouble, anything?

Also how much is you phone worth? A quick look suggests ~£1000 for an iphone 11, although I guess that's needlessly high, but you're carrying a large cash equivalent, highly attractive? I've never had £500 or the equivalent in my pocket, ever (max ~£350 for 1/2 hour IIRC).

And cash doesn't break if you sit on it. I'm not entirely convinced of your case quite yet.

[detaro]

You need to unlock the phone to pay with it.

[graham_paul]

You will just unlock it at the thief's request