Bank apps in Brazil demand face scans to validate installations for some years now, so while the path is different, result can easily be similar: your expenses are tied to your identity. No privacy and a track record if someone wants to do some fishing expeditions. The current government here, which is being seen as a dictatorship more and more even by its previous allies, was also trying to push for Drex, a cryptocurrency they would control, while also trying to kill physical money. The Executive also did a rule that if you made more than a total sum of iirc 5000 reais in transactions in a month (very low amount tbh), you had to show all your finances of the year to the government agency tasked with gains and expenses taxes, killing another aspect of privacy and financial privacy.