While this is a real concern, it is only half the problem
The other half is the recalcitrance and incompetence on the POS terminal hardware side. Card terminals that can support contactless payments, but the installer pushed a configuration on them that blocks them. Systems using dark patterns that force you to press multiple buttons to select your preferred payment method, while the most expensive one is offered by default. Some want to force the transaction as credit/debit even through Apple Pay
Worst of all some of them insist on collecting a PIN on the POS hardware for what should be pinless transactions via Apple Pay, ensuring that it is still possible to skim PIN codes, and ensuring that under the current law those charges will be hard or impossible to challenge.
If you are going to address the phone/watch side of the problem, fix the other end at the same time while you are at it.