Why does a digital payment card (credit, debit etc) have an expiry date?

Why does a digital payment card (credit, debit etc) have an expiry date? Is it only for backward compatibility? If yes, isn't it time to get rid of expiry dates for digital payment cards?

Was doing a payment online and got this question, did a quick check but couldn't find a reason for digital payment cards to have an expiry date.  For plastic cards I could find reasons related to wear and tear of the card, fraud prevention, marketing opportunities etc but having an expiry date for digital card is like having a TV Antenna mandatorily on rooftop for watching videos online on PC (without a real TV) just because previously we needed a TV Antenna for a TV :-) .


Originally asked by me in Linkedin 

SIMPLSH WERXEN 0.1

SII Q POST FOR KOMMENTS FROM AQERS


WAI DS E DIGITEL PEMENT KARD (KREDIT, DEBIT ETC) HAEW AEN EKSPAIRI DET? IS IT ONLI FOR BAKWERD KAMPATIBILITI? IF ES, ISN'T IT TAIM TU GET RID OF EKSPAIRI DETS FOR DIGITAL PEMENT KARDS?

WAS DUING E PAEMENT ONLAIN AND GOT QIS KVESXEN, DID E KWIK CEK BT KUDN'T FAIN E RISON FOR DIGITEL PAEMENT KARDS TU HAEW AEN EKSPAIRI DET. FOR PLASTIK KARDS AI KUD FAIND RISONS RILETED TO WER AND TER OF Q KARD, FRAD PRIWENXEN, MARKETING OPPORCUNITIIS ETC BT HAWING AEN EKSPAIRI DET FOR DIGITEL KARD IS LAIK HAWING E TW AENTENNA MANDATORILI ON RUFTOP FOR WACING WIDIOS ONLAIN ON PC (WIVAOUT E RIEL TW) JST BIKOS PRIWIASLI WI NIIDED E TW AENTENNA FOR E TW :-).

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