Things are changing. Google just started by replacing SafetyNet with a new Play Integrity API:
The Play Integrity API helps protect your apps and games from potentially risky and fraudulent interactions, allowing you to respond with appropriate actions to reduce attacks and abuse such as fraud, cheating, and unauthorized access.
developer.android.com
See discussion exploding since the last Thursday on XDA and download/test with the new Play Integrity API Checker:
This thread is inspired by the PoGo Magisk discussion thread. It's meant to keep the clutter of "Google Pay doesn't work" posts out of the main Magisk threads. Please use this to discuss issues with Google Pay and possible solutions. There's a...
forum.xda-developers.com
All the subsequent posts in that thread are about that new topic/issues observed with Wallet (just read the last few pages to get an overview)
Unfortunately, passing SafetyNet is no more enough for Wallet and soon the banking apps, etc, will follow
It can affect even the not-rooted Weekly and Stable Xiaomi.eu firmwares for those devices that are released with A11 or higher