[pipeline_peak]

A phone is a lot more than an ATM or a plastic card. Some people don't want an expensive device that tracks you, potentially sucks you into distractions, and just flat out has a lot of undesired complexity. You shouldn't need one to do basic finances.

Also ATM's and credit cards didn't replace traditional methods, they're modern alternatives.

[Dr_ReD]

Furthermore a phone is the single one thing whose loss will cut you out of tens of services —at best—.

Cards are one-per-service. So if lose one, you lose access to one service.

Cards, you don't take 'em out of your wallet unless you have to use 'em.

Your wallet too, you don't leave it out on the table all the time while eating.

You don't take it out willy nilly to take selfies and panoramas, or to check the stupid notifications that you get every 3 seconds.

And when you do, it's only because you have to do wallet-y things, which you do —carefully—, perhaps even looking out for possible pickpockets and thieves.

All of the above don't need to be charged twice a day... in fact, not at all... and will still work as new, after a trip into the toilet, a drop from any height, a full blown stampede, or even a few cycles in the washing machine.

Your phone? Not so much.

And those slabs of glass and metal are often eye watering expensive. Enough to be more interesting to a thief, than even your wallet... All this, while we're continuously waving them around, in front of everybody...

So, do you really need to know how may times people "lose" their phones nowadays?