In theory, but not in practice. The devil is in the details. Yes, Apple wallet and Google wallet allows to store loyalty cards. And those cards can be summoned using respectively VAS and SmartTap.

But... while all payment terminals are compatible to VAS and SmartTap, very few have the firmware and a POS that can make sense of it. So, in practice, beside Walgreens and maybe CSV, it is not much adopted.