Yeah, but it'll be Secure Enclave in data centre hardware, not on your phone. Basically they're just using their own proprietary HSMs to encrypt data on the server.
Not convinced that this will really add any privacy benefits over other confidential computing solutions already offered by AWS/Google Cloud/Azure. That said, it is fairly private - just not as good as on-device.
It’s still extremely common over here in Australia, and I often get dirty looks for tapping “No Tip”.
The pressure is definitely mounting.