Earlier quoted context omitted.
I agree but I don't want that place to be tightly tied with the maker of my phone. I want to be able to change phone and not loose anything. Phones are commodities to me. Who makes them is as important as the brand of gas I put in my car. Browser, mail client, WhatsApp, camera, maps, banking apps are about all I need. The subscription management service should be a third party.
It should actually be a banking service and it should be portable between banks. There should be a banking standard for this.
Most of these problems exist because the one place we trust to manage our resources never pivoted on these things. In fact most banks are barely crawling out of the dark ages.