I'm guessing you're American? It's much different when a foreign company wants to provide this service to you.
If you're concerned about the government getting your data, your own country can subpoena a company within its borders and get your info.
It's a lot harder to get your private data from a company outside of a country's borders.
But I'd be perfectly happy to use a phone made by any of them that let me upload my driver's license to a wallet they managed.
I mean, why wouldn't I? What do I care whether China knows who I am...? I mean, I've already given them my passport when I visited anyways.
Just because I'm happy with some corporations having a scan of my driver's license doesn't mean I'm happy with anybody having it.
Are you already storing the details of millions of others, and mine is nothing special? Are you a publicly traded corporation accountable to shareholders? Are you a nation-state with procedures around all these things? Or are you a criminal trying to sign up for credit cards in my name?
Your supposed equivalence isn't an equivalence at all.