> These apps, by design, track how people spend their money.
That depends - In India, for example, I am free to use either (1) a private company's app (like PayTM, Google Pay, PaisePe etc.) (2) a Government app or (3) my Bank's app to make digital payment using the Unified Payment Interface (UPI) (or all 3). And, if I don't want to use any mobile app, I can still make offline payment through my mobile phone over USSD - https://razorpay.com/blog/how-to-make-offline-upi-payments/ ...
(You are right though that it is prone to abuse in the absence of strong privacy and data protection laws - digital payment does allow new form of surveillance capitalism to the corporates and new avenues of authoritarian control to the government).
That depends - In India, for example, I am free to use either (1) a private company's app (like PayTM, Google Pay, PaisePe etc.) (2) a Government app or (3) my Bank's app to make digital payment using the Unified Payment Interface (UPI) (or all 3). And, if I don't want to use any mobile app, I can still make offline payment through my mobile phone over USSD - https://razorpay.com/blog/how-to-make-offline-upi-payments/ ...
(You are right though that it is prone to abuse in the absence of strong privacy and data protection laws - digital payment does allow new form of surveillance capitalism to the corporates and new avenues of authoritarian control to the government).