I'm inclined to agree with you here, but if I may question a couple of your points:
1. Isn't Apple Pay/the tokenization it uses is a whole new ball game? The contactless that currently exists in the UK is only for transactions up to 20 GBP, which presumably won't be the case with Apple Pay. Do we know that merchants will only be charged what they currently are for contactless?
2. Your statement that no one uses credit cards in shops seems anecdotal. Do you have a source? Most people I know in the UK do all their spending on a credit card, for a number of reasons. (Me included; I only use a debit card for the few things that have credit card fees - flights, council tax, ...)
1. Isn't Apple Pay/the tokenization it uses is a whole new ball game? The contactless that currently exists in the UK is only for transactions up to 20 GBP, which presumably won't be the case with Apple Pay. Do we know that merchants will only be charged what they currently are for contactless?
2. Your statement that no one uses credit cards in shops seems anecdotal. Do you have a source? Most people I know in the UK do all their spending on a credit card, for a number of reasons. (Me included; I only use a debit card for the few things that have credit card fees - flights, council tax, ...)