"in Europe banks are entitled to refuse to reimburse victims of fraud"
As Murdoch states in one of the links.
Yet, I have to see one that did, unless they are really, really sure the victim did something really criminal or almost.
Also, mobile payments are OK, storing PINs on a mobile phone, probably in a password manager is not?
Sure, my old parents share a single card and PIN. Are many devices able to work on the same bank account more secure? Especially devices you can't easily thoroughly destroy when no longer in use? It looks to me they broaden the attack surface more than a single shared card.
Maybe he know many people with nine cards, and maybe in countries like US where they are given away with chips is common, but here a relatively small number of people have more than two cards, often one only.
Also, even if I use a card, I can still use the phone to monitor the transactions. Actually my banks sends me a message for each transaction. The good thing is card and phone are two separate channels, and it would be more difficult to compromise both of them and orchestrate an hidden transaction. Also, they are not all eggs in a single basket. I'm used to avoid to keep everything in a single wallet - I wish I could avoid to have everything in a single electronic wallet as well - which also depends on a battery.
I understand a lot of people see a goldmine in mobile payments, but I still see little benefits and just more dependencies on a more complex device.