If the pen collected location information continuously and sent it to a insecure cloud endpoint, and sent me spammy notifications every day, then probably I would.
Apps give discounts and there is a tradeoff. We can't demand similar benefits without paying the same price.
The pain was self-inflicted in my case, but some people simply don't have money for one (as there are lots of people living on 200-250 USD per month or even less — they have nothing left at the end of the month).
If any banking whatsoever then sure, this is a problem like cashless society. But if it's from a set of specific banks that makes sense. I use a smartphone only bank and pay lower costs as a result. That makes sense.
We're giving them something that provides value and saves on costs.