So I got spam from UGO Wallet today. It's essentially Google wallet but backed by the banks. Chances are I will never get to use it, or if I do it will be years from now. This is technology at the speed of banks and mobile carriers for you. Google Wallet is not available in Canada. Even in the US, it's starting to be blocked at a lot of retailers.
UGO only supports a small list of phones. You have to be using an NFC SIM Card because the NFC built into almost every modern phone is "Not Good Enough". You have to have support from your carrier, so only Rogers and Telus right now with only minor support from Bell. I'm sure they all want a cut of the action. You're using "Their Phones" after all.
Why is this? User tracking. With Google Wallet, it's Google who gets to track you. That's no good for the big banks, so now they want to track you. Oh, but the cellular companies can block these features, so they come up with this ludicrous NFC SIM concept so that they can lock the feature into their cellular services.
This is why we can't have nice things.