I'm a little confused what this means in practice vs what's there now.

I can add a CCard to my apple wallet and make it the default payment method. Does that involve Apple? I can also add public transportation passes and choose which one is the default. Does that involve Apple?

I do get that the Apple CCard itself seems to get special treatment in the Wallet but I'm not sure what else.

Note: I'm for more options. I don't like the idea that Apple and Google are inserting themselves between people and nearly every business. I'm just curious what you all envision seeing come out of this (positive examples)