These will - intentionally - lock you into using a single financial provider.
Whereas using your phone (Apple/Google pay) will undoubtedly be the way forward to use the financial provider of your choice when needed at the POS
Some people will use these middle-ware devices. Some people won’t. The scale of people involved is huge and banks are, quite rightly, jostling for position to gain market share using tech. It’s a huge open marketplace - still!