There is indeed propaganda going on, but there is also a reality that many supply chains need conversion, and that money needs to come from somewhere. Not saying it is right, nor that it is unsolvable, just a reality. Most often, the smaller businesses are destroyed by expensive switches to new methods. Which is all we need, more megacorps owning everything.
In a world with functioning governments, processes, grants, tax breaks, and such could be set up to help companies switch.
You're letting the bank know everything about you. What apps you have installed, how you use your phone, where you go, you're just letting them have access to your entire life for mild convenience. Just use the web site and make an icon on the home screen to get to it.